Sentences with phrase «lenders against potential loss»

So, to protect lenders against potential loss in case of default, higher LTV loans (80 % or more) usually require a mortgage insurance policy.

Title Insurance insures buyers or lenders against potential loss of title (for example, ownership of the property you're buying) & / or problems with the title.

Private mortgage insurance (MI) enables these borrowers to qualify for a conventional loan by insuring the lender against potential losses in the event a borrower is not able to repay the loan and there is not sufficient equity in the home to cover the amount owed.

Not exact matches

This means if a homeowner puts down 5 % or 25 % and the lender wants to insure that mortgage — to protect against a potential loss — the criteria to get this insurance will be the same.

That's because high - ratio loans must be insured against default (by CMHC for example) and once they are, a lender's potential for loss is minimized.