Sentences with phrase «payment against risk of loss»
«Our product, by being able to provide protection for a homebuyer's down payment against risk of loss, we give them that flexibility, that control, the empowerment, to own a home — to own a home on their terms,» he says.
http://www.valueinsured.com/ Not exact matches
A low down payment loan is considered a greater risk for the lender, and mortgage insurance protects the lender against their risk of loss due to default.
Today, private capital in the form of mortgage insurance (MI) already provides significant risk protection against losses on low down payment loans.
Coverage, or more specifically insurance coverage, is the amount of protection in terms of a sum of money that an insurance company provides to an insured person whereby, in the event of risk or risks insured against take place, such as death or accident, the policyholder or a designated beneficiary or beneficiaries shall receive an indemnification or payment up to the extent of the loss.