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Stephen Ward's Articles

  • The Problem with Private Mortgage Insurance
    Believe it or not, many home owners already have mortgage insurance of a sort, even though they may not realize it. Most lenders require that you pay for private mortgage insurance (PMI), also called lender’s mortgage insurance (LMI), when you first buy a home. The problem, of course, is that private mortgage insurance does nothing to benefit you. You pay the premium; the lender is reimbursed if they lose money on you.


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