Understand Borr Paid MI Disbursement: A Complete Guide
Borr Paid MI Disbursed: Decoding Your Mortgage Insurance Buying a home is a significant financial undertaking, and understanding mortgage insurance is crucial. The term "Borr Paid MI Disbursed" simply means the borrower has paid their mortgage insurance premium, but the specifics vary greatly. This guide clarifies the process, comparing Private Mortgage Insurance (PMI) and Government-Backed Mortgage Insurance (GBMI) to help you make informed decisions. What are the key differences between PMI and GBMI?...