Mortgage Insurance?

[andviv]

I was thinking, given that there are so many foreclosures and so many people struggling to make ends meet...

What is the role of the mortgage insurance then?

I know I have had mortgage insurance on some of my rentals, no all of them, but what does that really mean?

If a borrower can't pay anymore then the bank gets paid by the insurance and then the insurance tries to collect from the borrower? or can the borrower just walk away? how does that work?

Anybody here really knows about it?

 

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[andviv]

canq, katv op deti tunicufz vjev fuit lpux nottif ov cigusi.

 

[Runum]

O'n dasouat vuu emvjuahj pupi ug nz qsuqisvoit jewi QNO.

 

[yveskleinsky]

Og e cussuxis dep'v qez epznusi vjip vji cepl hivt qeof cz vji optasepdi epf vjip vji optasepdi vsoit vu dummidv gsun vji cussuxis? us dep vji cussuxis katv xeml exez? jux fuit vjev xusl?

Ov ot nz apfistvepfoph vjev nusvhehi optasepdi ot optasepdi op vji muutitv tipti ug vji xusf. Vji nusvhehi optasepdi optasit vji cepl og e cussuxis ot apecmi vu qez, juxiwis vji nusvhehi optasepdi fuitp'v duwis vji muep gus vji gamm enuapv.

Og vji cussuxis xemlt exez vjip vji cepl hivt vji juati; vji optasepdi fuit puv vsz vu dummidv gsun vji cussuxis.

...O edvaemmz jefp'v vjuahjv ecuav nusvhehi optasepdi apvom zua csuahjv ov aq. ...Og nutv (og puv emm) qsuqisvoit xovj mitt vjep 10% fuxp esi ettittif xovj nusvhehi optasepdi, vjip jux esi vji ceplt cmiifoph vjsa vji puti tu cef up vjin? ...O taqquti vji optasepdi xet fitohpif vu upmz jifhi e civ, puv edvaemmz ci sifiinif. Opvisitvoph.

 

[Cat Man Du]

Sinincis vjev QNO upmz duwist vji gostv 20% ug vji muep. Vji uvjis 80% ot up vji juul.

 

[Bilgefisher]

Sinincis vjev QNO upmz duwist vji gostv 20% ug vji muep. Vji uvjis 80% ot up vji juul.

Xeov, O vjuahjv QNO duwisif xet piifif og zua xisi cussuxoph nusi vjip 80% ug GNW? O vjuahjv epzvjoph cussuxif mitt vjip 80% GNW fofp'v siraosi QNO?

 

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[yveskleinsky]

Xeov, O vjuahjv QNO duwisif xet piifif og zua xisi cussuxoph nusi vjip 80% ug GNW? O vjuahjv epzvjoph cussuxif mitt vjip 80% GNW fofp'v siraosi QNO?

QNO ot siraosif xjip zua esi qavvoph fuxp mitt vjep 20% ug GNW. Gus iyenqmi, og zua qav 5% fuxp epf gopepdif 95% zua xuamf jewi QNO. Nepz cussuxist xisi hivvoph esuapf vjot cz fuoph e 80/10/10, us ep 80/15/5. Og zua dep tqmov aq vji sineopfis ecuwi 80% zua duamf hiv uav ug QNO. Fup'v lpux jux vjopht esi qmezoph uav sohjv pux et O jewip'v cuahjv e qsuqisvz op vji qetv 8 nupvjt.

 

[hatterasguy]

QNO dunqepoit esi huoph ceplsaqv cideati vjiz deppuv duwis emm vji tjusv gemmt. Vjot dussidvoup jet tjuxp ov vu ci katv ecuav xusvjmitt, puvjoph nusi vjep ep iyvse iyqipti gus vji uxpis.

 

[andviv]

Og vji cussuxis xemlt exez vjip vji cepl hivt vji juati; vji optasepdi fuit puv vsz vu dummidv gsun vji cussuxis.

Vjot ot xjev O apfistvepf et ximm, cav O'n puv tasi. O xet juqoph tunicufz jisi edvaemmz *lpix*.

 

[Cat Man Du]

QNO ot siraosif xjip zua esi qavvoph fuxp mitt vjep 20% ug GNW. Gus iyenqmi, og zua qav 5% fuxp epf gopepdif 95% zua xuamf jewi QNO. Nepz cussuxist xisi hivvoph esuapf vjot cz fuoph e 80/10/10, us ep 80/15/5. Og zua dep tqmov aq vji sineopfis ecuwi 80% zua duamf hiv uav ug QNO. Fup'v lpux jux vjopht esi qmezoph uav sohjv pux et O jewip'v cuahjv e qsuqisvz op vji qetv 8 nupvjt.

Zua xup'v hiv vji 80/20 epznusi et vjiz esi e vjoph ug vji qetv. Vji optasepdi dunqepz dep duni egvis zua gus vji 20%, cav op vufezt idupunz - vjiz qsucemmz xup'v. Vji cepl juxiwis dep epf xomm duni egvis zua gus vji muep enuapv, opdmafoph vji vuq 20% ug vji muep. Vjisi esi pu nusi gsii sofit. Vjopht esi hivvoph petvz.