What is mortgage insurance and do you need it?

You probably do not need mortgage insurance,and you probably should not buy itHere’s how to budget for buying a home,and all the other costs to consider.Here’s what you should know before buying a home.Here’s how to handle the rising insurance rates before you get locked into a mortgage,and calculators to help out.

What is mortgage insurance and how does it work?

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Is mortgage insurance really worth it?

Private mortgage insurance can make your housing payments more expensive. But in some cases, it may be worth it. Many mortgage lenders require a 20% down payment when you close on your home.

How do you calculate mortgage insurance?

There’s one simple approach that may be the best way to calculate their life insurance needs. It’s called the DIME method. The combination of debt, income, mortgage, and education will allow would-be policyholders to figure the exact total amount of life …

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