Most types of insurance will pay you if you make a claim. Mortgage insurance, though, is solely for the lender. If you were to stop making payments and the lender foreclosed on your home, the mortgage insurance would pay the lender the difference between the profit from selling your home and the amount you still owed on your mortgage.
When you have a mortgage with a traditional lender, you get private mortgage insurance, often abbreviated PMI. This insurance is provided by a third party, although your lender will typically dictate who provides the insurance. When you get an FHA mortgage, the federal government provides the mortgage insurance and you pay mortgage insurance premiums, often abbreviated MIP.
KEY FACTS ABOUT BOND STREET MORTGAGE, LLC
-
US Businesses
-
Companies in Florida
-
Leon County Companies
- Company name
- BOND STREET MORTGAGE, LLC
- Status
- Active
- Filed Number
- M09000002570
- FEI Number
- 264803398
- Date of Incorporation
-
July 2, 2009
Age - 15 years
- Home State
- DE
- Company Type
- Foreign Limited Liability
CONTACTS
- Website
- http://bondstreetmortgage.com
- Phones
-
(888) 588-5522
(201) 282-5017
BOND STREET MORTGAGE, LLC NEAR ME
- Principal Address
- 115 W. Century Rd.,
PARAMUS,
NJ,
07652,
US
See Also