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Family In Their Home

One of the questions we get asked every time we talk with people about Mortgage Protection is what it is? Is this part of my mortgage? Don’t I pay for this already with PMI?

First, PMI or Private Mortgage Insurance, protects the lender from losing money if you, for any reason can no longer pay your mortgage premium and end up in foreclosure. PMI he does not protect you in any way it only protects the lender.

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