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PMI protects the lender but is there something out there that protects the landlord?
What is PMI? PMI (Private Mortgage Insurance) is a type of insurance which protects the lender in the event the borrower defaults on the loan. PMI is generally required where a borrower is unable to produce a down payment equal to at least 20% of the total purchase price.
The premium for PMI is paid by the borrower and is included in each monthly mortgage payment. In a refinancing scenario, PMI is typically required when the amount financed is greater than 80 percent of the appraised value of the property.
With the above definition, the key understanding is that the lender is the only party protected in this scenario. What happens when the landlord experiences an unusual increase in vacancies or encounters a situation where making the mortgage payment on his property difficult or impossible. If the landlord defaults the lender is protected.
Is there a policy out there that helps and protects the landlord? For the first time in the history of real estate, the answer is YES!
Here at Guardian, we have created the ultimate form of patent pending protection for investment property owners and managers. Guardian Shield is the most comprehensive form of total investment protection for BOTH the lender AND the LANDLORD.
All Rents Paid...Guaranteed
It pays all rents due, but not collected, regardless of occupancy or vacancy of an enrolled property that is managed by Guardian Managers.
This revolutionary policy cannot be found anywhere else in the world. Because all rents due will be paid regardless of occupancy, the landlord will never default on a mortgage payment! Guardian Shield is available to Guardian Managers' enrolled properties after 12 months and on all newly acquired properties by the member after 12 months of membership.
Join today and begin the journey to TOTAL INVESTMENT PROTECTION…
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