Mortgage Insurance

Mortgage Insurance:

Mortgage insurance helps lenders by providing protection against the risk of a borrower defaulting on a mortgage loan. Generally mortgage  insurance covers a portion of the expanses and a loan is foreclosed. Responsible risk management with its risk-based  pricing model, which prices the mortgage insurance premium according to the unique risk of each loan. 

In addition, it helps borrower buy a home sooner and with less money toward the down-payment of their mortgage.   For example, in the U.S qualified buyers could put down as little as 5 percent on a loan with mortgage insurance compared with the 20 percent most mortgage investors requires.