Hilde's Mortgage Blog

Did you know not all private mortgage insurance is equal?

In the face of all the tightening of lending restrictions, we are seeing finally some loosing of guidelines beginning at the private mortgage insurance front. With that in mind let's take a look at the various payment options for mortgage insurance. That's right, you do have options. Although once you have made your choice, it will remain in effect until the loan is paid off or no longer requires mortgage insurance. Within this short paragraph I alluded to three different and important aspects of mortgage insurance:

1. Private vs government insurance

2. Payment options

3. Deletion of mortgage insurance

So stay tuned for more details to follow in the next couple days.