How Mortgage Insurance Works - MGIC
Does MI Work? For example: Consider borrowers who . purchase a $200,000 property with a fixed-rate mortgage. They make a 10% down payment and are required to use MI to . finance a $180,000 mortgage. Typically on a 90% LTV, fixed-rate mortgage, investors require 25% MI . coverage. This means that, in the event of a claim, MGIC is responsible ................
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