An insurance policy designed to protect lenders from losses due to default on a mortgage loan. Borrowers who put less than 20% down on a property are more likely to have to obtain mortgage insurance, which can be public or private. Mortgage insurance requirements often lapse when a property reaches 20-25% equity.

Big Builds Mean More Scrutiny
Lenders are still writing checks, but only for projects that pass today’s tougher tests. An...
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