Find out more about Mortgage Life Insurance with Kreger Agency - Nationwide Insurance!
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Mortgage Life Insurance refers to an insurance policy that guarantees repayment of a mortgage loan in the event of death or, possibly, disability of the mortgagor. Private Mortgage Insurance (PMI) refers to protection for the lender in the event of default, usually covering a portion of the amount borrowed. There are Government loan products that also include a Mortgage Insurance Premium (MIP), essentially the government equivalent of PMI. Cheryl Ann Kreger Broker / Owner 109 East High St
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