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What is Mortgage Insurance? | Mortgage Masters – Some think it’s the insurance you can pay to cover your mortgage payments if you get sick, injured or lose your job. The truth is it covers the lender not the borrower. Mortgage Insurance covers the bank for any shortfall in the event they have to sell the property to recover their costs if non-payment or if you default on a loan.
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How to Convert a Construction Loan to a Permanent Loan. – · Converting a construction loan to a permanent loan is only necessary if you didn’t take out a construction-to-perm loan, which typically doesn’t require a new loan. If you do have to convert your construction loan to a permanent one, you may have to.
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Mortgage Masters Group – About | Facebook – Mortgage Masters Group We are Doug & Sandi Kent. Please take the time to visit our website at www.mortgagemastersgroup.com, where we guarantee you‘ll find plenty of helpful information to assist you in purchasing or building your new home, or refinancing your current mortgage.
Conventional Home Loans – Mortgage Masters of Indiana. – If you were to go to your favorite lender and were approved for a mortgage loan of $250,000, they would have to provide the funds necessary to complete the transaction while receiving a payment each month for the next 30 years until the loan was paid off. However, if the bank tied up their money for 30 years,
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