Mortgage insurance is typically mandatory for homebuyers without 20% equity.
Posted by: Kimberly Walker
Mortgage insurance is typically mandatory for homebuyers without 20% equity. Putting down 10% on the average $350,152 home, for example, means you’ll cough up a $6,302 insurance premium (given fully documented income and decent credit). Since insurance premiums are tacked on to your mortgage, that adds up to $9,000+ if you amortize it over […]
Read More