0xbt

Lender paid personal mortgage insurance coverage, or LPMI, resembles BPMI other than that it is paid by the loan provider and also constructed into the interest rate of the home loan. LPMI is normally a feature of fundings that declare not to call for Home loan Insurance coverage for high LTV car loans. Borrowers wrongly assume that personal home mortgage insurance coverage makes them unique, yet there are no personal services offered with this type of insurance coverage.