Anonymous ID: cf3e09 Oct. 3, 2023, 9:32 a.m. No.19658089   🗄️.is 🔗kun   >>8152 >>8157

>>19658076

He did for sure, but he must have felt just a little bit of remorse there at the end since he forewarned us what was to come. He didn't have to do that, but it was definitely easier for him to do that on his last broadcast since his employer would no longer be signing his paychecks after that.

Anonymous ID: cf3e09 Oct. 3, 2023, 9:40 a.m. No.19658156   🗄️.is 🔗kun

>>19658123

There's homeowner's insurance, which covers up to the value of the property in the event of damage.

 

Then there's private mortgage insurance (PMI), which covers the banks ass if you default on your mortgage loan. This is an extra fee added to your monthly mortgage payment and can be avoided when the buyer is able to put at least 20% down payment at closing. It's basically insurance that makes up for the initial lack of equity.

Anonymous ID: cf3e09 Oct. 3, 2023, 9:54 a.m. No.19658250   🗄️.is 🔗kun

>>19658213

Homeowner's insurance protects the homeowner in the event damage occurs.

 

Private mortgage insurance, or PMI, protects the bank when the homeowner does not have adequate equity in the home. VA loans do not have PMI, because the VA essentially gives the bank a promissory note, known as the "Certificate of Eligibility" for the veteran buyer, which gaurantees the bank a certain payoff should the buyer default on the mortgage. With other types of loans (FHA, Conventional, etc), the bank requires the buyer to make a 20% or higher down payment at the time of purchase to avoid PMI. If the buyer cannot afford to put down that much $, PMI is added to the monthly mortgage payment. This is so the bank can recover their losses in the event the buyer defaults and does not have enough equity in the home for the bank to avoid losses when foreclosing on the home.