“Do I need mortgage insurance?” That’s a common question many homebuyers have. But the answer isn’t quite as cut and dry. The truth is that it entirely depends on your loan and financial situation.
But one thing I can say is that if your down payment is less than 20%, then you must understand how mortgage insurance works, why you’re paying for it, and how to get rid of it.
So today, we’re answering some common questions homebuyers ask us about mortgage insurance and how it affects them. Read my latest blog to learn more!