Sentences with phrase «protect the lender in case there»
Not exact matches
As an FHA loan, there is insurance required for two reasons: to protect the lender in case of borrower default and to ensure that the borrower continues to receive payments for the duration of the loan no matter what happens to the lender.
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Unsecured by definition means there is no underlying tangible asset to protect the lender in case of borrower default.
This insurance policy protects your lender in case the title insurance company made a mistake in its title search and you later discover that there are liens against your home.