Mortgage Insurance

Understanding the Basics of Mortgage Insurance  Ah, let’s pull back the curtain on the ins and outs of Mortgage Insurance, shall we? By and large, when you’re buying a home and don’t have the wherewithal to make a down payment of 20% or more, it’s likely the lender will rub their hands together and say …

Introduction to Buying Mortgage Insurance   If you’re entertaining the idea of purchasing a castle of your own, you’ve probably heard about this thing called mortgage insurance or PMI. Yeppers, PMI, standing for “Private Mortgage Insurance,” gets brought up sooner or later whenever you’re on the hunt to buy a home. It’s like a safety net. …

Understanding the Idea of Mortgage Insurance  First things first, it’s important to understand that when you’re out to buy a home, especially if you’re a first-time homebuyer, you’ll bump into terms like mortgage insurance, PMI, and FHA. Ah well, don’t be gobsmacked! Let me break it down for you. Mortgage insurance, you see, is that …

Introduction to Mortgage Insurance  Well, hold on to your horses ’cause we’re about to dive deep into the world of Mortgage Insurance! Folks, here’s the low-down: When you’re buying a home and your down payment is less than 20%, your mortgage lender might start whistling a different tune. Yup, they would typically ask you to …