What Is Mortgage Insurance, and When Is It Required?

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2025-01-19 12:25:21 -

A mortgage is a financial agreement that allows individuals to borrow money to buy real estate, typically a home. It is a long-term loan secured by the property being purchased, meaning the lender has the proper to seize the property if the borrower fails to repay the loan as agreed. Mortgages are fundamental to homeownership, enabling people who may not have sufficient savings to pay for a...

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