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Simple English definitions for legal terms

mortgage-guarantee insurance

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A quick definition of mortgage-guarantee insurance:

Term: MORTGAGE-GUARANTEE INSURANCE

Definition: Mortgage-guarantee insurance is a type of insurance that helps mortgage lenders when they give loans to people who don't have enough money for a 20% down payment. The Mortgage Guarantee Insurance Company provides this insurance, and the cost is added to the closing costs.

A more thorough explanation:

Definition: Mortgage-guarantee insurance is a type of insurance provided by the Mortgage Guarantee Insurance Company to mortgage lenders. This insurance is granted to parties who have less than a 20% down payment. The cost of the insurance is included in the closing costs.

Example: Let's say you want to buy a house that costs $200,000. You have saved $30,000 for a down payment, which is only 15% of the total cost. The mortgage lender may require you to get mortgage-guarantee insurance to protect them in case you default on your loan. The cost of the insurance may be around $2,000, which will be added to your closing costs.

Explanation: This example illustrates how mortgage-guarantee insurance works. If you don't have enough money for a 20% down payment, the mortgage lender may require you to get this insurance. The insurance protects the lender in case you can't make your mortgage payments and default on your loan. The cost of the insurance is added to your closing costs, which is the amount of money you need to pay when you buy a house.

mortgage foreclosure | mortgage market

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18:13
Babycat are you drinking the chemical waters
BulbasaurNoLikeCardio
18:13
Told them this is ridiculous and they took $140 off so my patience has been bought. Now I need to find another distraction from this shitty teacher
18:13
Original price was 460 they just ripped ya off
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
i am atheist not protestant
18:22
same thing tho ya? - catholic
BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
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