k***u 发帖数: 5746 | | S********y 发帖数: 182 | 2 If your loan-to-value ratio (LTV) is more than 80%, it is mandatory.
Otherwise, no need to buy it. It is designed to protect the lender, not you.
Google what mortgage insurance means. | j******3 发帖数: 508 | 3 I think this is the insurance for the mortgagee, not PMI. If the mortgagee
passes away, the mortgage will be paid off. |
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