
Alex Moore
4 min read
Understanding Mortgage Insurance in Texas: Costs, Requirements, and Ways to Save
What Is Mortgage Insurance? Mortgage insurance shields lenders if a borrower defaults on a mortgage. In Texas, it is used for conventional loans with down payments of less than 20%, FHA loans, and a few other types of financing. Although it works in favor of lenders, it also assists homebuyers in qualifying for homeownership with […]
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