https://www.youtub e.com/watch?v=AlhWUnVroXw
If you are desiring to find what home mortgage insurance policy protection is as well as just how does it function, see this short video clip, where I go over PMI, MI as well as funding prices. Get in touch with me at http://www.tampa2enjoy.com/contact-us/ There’s a large amount of complication on what home mortgage insurance policy protection is, just how does mortgage insurance policy protection job as well as what’s the difference in between home mortgage insurance policy protection (MI) as well as individual home mortgage insurance policy protection (PMI). Below are 3 important takeaways: 1. Typical Loans have Personal Home Loan Insurance Coverage (PMI). 2. FHA Loans have Home Loan Insurance Coverage (MI). 3. VA Loans have a Financing Cost. Learn even more concerning home mortgage insurance policy protection at https://en.wikipedia.org/wiki/Mortgage_insurance. If you have any type of worries, please call me. Finest pertains to,. Lance Mohr. Mohr House Group at Keller Williams. 813-317-4009. http://www.tampa2enjoy.com. https://www.youtube.com/tampa2enjoy
TheBarefootpete
So, if I never default on the loan, make every payment, do they give me ANY of my money back?
Ricky Poon
Is National MI good?
Nkwasiasemakwakwa
For how long does the mortgage insurance cover the home owner in case of default ?
Tampa Real Estate Expert
.On an FHA loan mortgage insurance or stay on the loan forever. If it is a conventional loan and you get 20% equity you can call the bank and get it removed. They will most likely have to do an appraisal. Just make sure you call the bank on a conventional loan. You’re a loan officer should’ve told you all this when they put you under mortgage insurance.
Nkwasiasemakwakwa
@Tampa Real Estate Expert I ment on an fHA loan, how many times or fir his long will the insurance cover or protect homeowners ?
Tampa Real Estate Expert
@Nkwasiasemakwakwa the mortgage insurance will never stop on an FHA loan.
Nkwasiasemakwakwa
@Tampa Real Estate Expert I know , my question is how long will the insurance cover a missed payment ?
Bukky4sure Eunice
Good video…
interested in mortgage lead?
Tampa Real Estate Expert
Thank you.
katieghoul00
Thanks for posting this video !! I’m studying to get my real estate license and the online course is so confusing when it explained Conventional Loan/PMI. This video helped me a lot. 🌷
amadues kooler
@Tampa Real Estate Expert thanks for the info , if owner dies the insurance pays the loan does the house go to a person you want it to or someone or a person on the deed?
Sushi Beh
Am I gonna get my money back for my mortgage ensures after I finish my loans ?
Sushi Beh
I mean after I pay of my lone are they they gonna give me back all the money I paid Morgan ensure ?
Tampa Real Estate Expert
No.
JessLynnC
Thank you so much. I just got a job working for a loan agency and my background is with health insurance. I’ll be a customer service representative taking calls and I’m still trying to grasp all this information. You better explained this than my instructor. I would have to take calls they said where people are trying to request an appraisal to remove their pmi but they have to be at 76-80% of loan to value ratio (if I didn’t get that wrong in my notes) they say usually above 80% they may get denied for it. That part confuses me.
Tampa Real Estate Expert
Thank you very much for watching my video and thank you for your comment. I wish you the best of luck.
JessLynnC
@Tampa Real Estate Expert thank you. 😊
Dorcas Rogers
Thanks , very helpful!
Tampa Real Estate Expert
Thank you for watching my video.
Glenn Roberts
Read the damn title. WHAT IS MORTGAGE INSURANCE AND HOW DOES IT WORK. I don’t give a damn how the bank get’s their money back, I want to know how this insurance protects me. Damn.
Tampa Real Estate Expert
If the video is what it is and how it works. I guess you wanted the cost of it? If? I cannot give the cost without knowing all your details. That’s why I did not have cost in the title or description or tag. If you have a question you can ask it instead of complaining about what I went over.
Space Dementia
My husband and I have an fha loan. He passed on the 20th of August. I have missed the last two payments. I’m trying so hard to pay it now. We have insurance on the loan incase of death, but will it be negated if I haven’t paid two months. I didn’t have the death certificates until a few days ago. I couldn’t do anything about the bills until then. I never paid any bills… I should have called them but I didnt. Now they won’t answer or call me back
Am I going to lose my and our kids home
Tampa Real Estate Expert
If I am very sorry to hear this period you might want to send the letter a certified letter explaining everything.. When they get it you will have their signature that they received it. Make a copy before you send it to them
Space Dementia
@Tampa Real Estate Expert thank you so much for responding. I will do that first thing tomorrow
Chrys Luna
Hey thanks for the content. I have a question on how to proceed.
Currently my father is in charge of the mortgage and I saw he has a high int. Rate and we’re going to refinance with a lower rate. HOWEVER, my concern is about the appraisal. We plan on fixing the house but aren’t sure to do this before the appraisal as we may end up having to pay more for the house. Should we wait to do the home remodeling after the appraisal?
Tampa Real Estate Expert
Can you call me? 813-317-4009
Joelle Khan
Thank you.
8 7
Thank you!
Tampa Real Estate Expert
Thank you for watching my video
F X
Where do people get these loans? Are they done in-house or do they shop around for loans?
Tampa Real Estate Expert
If you do not put 20% down then the mortgage company will pick one for you. Good luck in your purchase.