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mortgage-insurance

Mortgage insurance

Q: What is mortgage insurance and why would I need it? A: Most people need to borrow money in order to purchase a home and so they take what is called a mortgage.

Mortgage company beefs up staffing to prepare for Obama's FHA mortgage insurance rate cuts

INDEPENDENCE, Ohio, Jan. 12, 2015 /PRNewswire-iReach/ — NLC Loans™ is excited to announce ramped up staffing in response to the impending cuts to FHA mortgage insurance premiums initiated by President Obama on Thursday. The Ohio-based company's personal mortgage advisors and customer service associates are ready to assist both potential and existing homeowners take advantage of savings that …

Personal finance Q&A: Eliminating private mortgage insurance

Dear Liz: I bought my first home about a year ago. Because I had very little money for the down payment, I have to pay private mortgage insurance, which is a whopping $385 each month. My burning question about this is: How can I get rid of it? There must be a way to pay the loan quicker or…