Mortgage Insurance: What It Is and Why You May Need It

Mortgage Insurance: What it is and why you may need it Mortgage insurance is a type of insurance that protects the lender in case you default on your mortgage payments. You only need mortgage insurance when you are putting down less than 20% for your down payment. These types of loans are called High Ratios […]

The 3 Types of Insurance With Your Mortgage

The 3 Types of Insurance with your mortgage Mortgages require 3 types of insurance, each has its own purpose. Depending on your down payment amount you may need all three. If you have a conventional mortgage you will not need the first type of insurance. If your down payment is less than 20% you will […]