Frequently Asked Questions & Glossary of Terms

Here are a few of the questions we get the most, along with a 
glossary of terms. If you do not see what you are looking for please
reach out to us via phone (800) 806-3639, email Info@CertSimpleUSA.com,
or chat using the green chat bubble in the lower right corner of the page..

  • Show FAQs
  • 1
  • A
  • B
  • C
  • D
  • E
  • H
  • I
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W

    A type of insurance that protects the lender in the event a borrower defaults on their mortgage payments. Mortgage Insurances is typically required when a borrower puts down less than 20% of the purchase price. Private lenders will usually require what's called Private Mortgage Insurance (PMI) because the loan is not federally guranteed. Non-conventional FHA and USDA loans will require mortgage insurance regardless of the downpayment amount.