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What You Need To Find Out About Private Mortgage Insurance Coverage.
Lender paid personal home loan insurance coverage, or LPMI, resembles BPMI except that it is paid by the lending institution and built into the interest rate of the mortgage. LPMI is generally a feature of fundings that declare not to require Home loan Insurance coverage for high LTV car loans. Consumers wrongly think that exclusive mortgage insurance policy makes them unique, but there are no exclusive services used with this type of insurance.