Category Archives: Mortgage Insurance
The Perils of Mortgage Insurance
So, you’re buying your first home, upgrading to a new house, or refinancing with a new mortgage lender. Out comes the paperwork, and they show you life insurance (and maybe a disability or critical illness policy) as part of the monthly payments. It seems to be included in the price of your mortgage payments, and … Continue reading
How To Avoid Mortgage Insurance?
Avoiding mortgage insurance is not always an easy thing to do, especially if the borrower is financially strapped. However, it can be done. What exactly is mortgage insurance? There is several mortgage-related insurance—mortgage protection insurance and private mortgage insurance (PMIs), to name a few. However, we will only be elaborating on PMIs when we use … Continue reading