Why Private Mortgage Insurance is Required on Some Mortgage Loans
When it comes to buying a home, buyers are often shocked that there are more costs involved than just a down payment.
If you're just starting out, coming up with 20% down is hard enough! Throw in closing costs and your head starts spinning.
It's no wonder. Buying and selling real estate is expensive, an expense most people aren't prepared for.
One of those expenses is private mortgage insurance. What is it? And why do you have to pay it?
We take a deep dive look at the mortgage insurance nobody likes but is required under certain conditions.
If you're just starting out, coming up with 20% down is hard enough! Throw in closing costs and your head starts spinning.
It's no wonder. Buying and selling real estate is expensive, an expense most people aren't prepared for.
One of those expenses is private mortgage insurance. What is it? And why do you have to pay it?
We take a deep dive look at the mortgage insurance nobody likes but is required under certain conditions.
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