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Mortgage insurance by RMDTX – whether borrower paid or lender paid – helps you serve your customers by making homeownership more affordable for them.
To qualify for mortgage default insurance, there are several financial criteria to meet. The total debt service ratio (TDS) must be less than 42%, and the gross debt service ratio (GDS) must be less than 35%. Additionally, your credit score should be at least 680. Meeting these criteria helps ensure you’re in a strong financial position to manage mortgage payments.
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With us, you can easily explore competitive mortgage rates that fit your financial situation. Our team of experts will work with you to find the best options available.
We make it easy to sign up and customize your mortgage options. Whether you’re a first-time buyer or looking to refinance.
We help you build a mortgage that’s right for you, based on your unique financial situation. Our team provide tailored guidance to help you make the best decision for your future.
We make the mortgage approval process simple and efficient. Our experts guide you through each step, ensuring you meet all necessary criteria and receive approval in a timely manner.
Mortgage default insurance premiums are typically added to your mortgage payments. These premiums are determined by your down payment size and loan amount. Understanding how these payments work helps you plan your finances effectively.