Lender-Paid Mortgage Insurance: An In-Depth Exploration
Lender-Paid Mortgage Insurance: An In-Depth Exploration Mortgage insurance is a critical component of the home-buying process for many borrowers, particularly those who are unable to make a substantial down payment. While borrower-paid mortgage insurance (BPMI) is well-known, lender-paid mortgage insurance (LPMI) is an alternative that offers distinct advantages and considerations. This essay provides a comprehensive…