Durack's groups
Comprehending Home Loan Insurance
Lender paid personal mortgage insurance, or LPMI, is similar to BPMI other than that it is paid by the lender and built right into the interest rate of the mortgage. LPMI is generally a function of loans that claim not to call for Mortgage Insurance for high LTV car loans. Debtors incorrectly believe that private mortgage insurance policy makes them unique, however there are no private services supplied with this type of insurance policy.
