2 Types of Mortgage Insurance

Private Mortgage Insurance or Mortgage Protection Insurance Whether you’ve just purchased your first house or you’ve built up some equity in your home, there’s no doubt about it: home ownership is expensive. Because of this, it’s tough to want to add the additional expense of mortgage insurance to your monthly bills. However, you shouldn’t rule it […]

Should I Roll My Mortgage Insurance Premiums Into the Loan?

Mortgage Insurance Premiums If you are buying a new home but don’t have a 20 percent down payment,  your mortgage company will require that you have mortgage insurance. The major disadvantage of mortgage insurance is that you as the borrower pay the premiums but the benefits go to the lender. If a borrower defaults on a loan, mortgage insurance pays funds to […]