How to Obtain Mortgage Insurance

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How to Obtain Mortgage Insurance – This is a place for the community to provide tips and advice on How to Obtain Mortgage Insurance. This topic was created by Noo Z and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Mortgage Life Insurance – State Farm®

Published: 9 years, 6 month(s) ago | Submitted by Andy Aicklen | permalink

Your home is your most important investment. Mortgage life insurance is term insurance from State Farm that can help pay your mortgage in the event of your death.
Tags: mortgage life insurance, mortgage term life insurance

For further reading: https://www.statefarm.com/insurance/life/term-life/mortgage-life ^[1]

Tip 2 - 6 Reasons To Avoid Private Mortgage Insurance

Published: 9 years, 6 month(s) ago | Submitted by Dima Kapranov | permalink

This costly coverage protects your mortgage lender - not you.
Tags: private mortgage insurance,pmi,down payment,downpayment,mortgage insurance,variable rate loans,piggy-back mortgage,80/10/10 mortgage,80/10/10 policy,piggyback mortgage,piggyback loan,piggy-back loan,balloon payment,80-10-10 mor,property insurance,mortgage

For further reading: http://www.investopedia.com/articles/pf/07/avoid_pmi.asp ^[2]

Tip 3 - How To Get Rid Of Private Mortgage Insurance

Published: 9 years, 6 month(s) ago | Submitted by Ci D Hard OCP | permalink

Private mortgage insurance benefits the lender (the sole beneficiary of PMI), but it can add a sizable chunk to your monthly house payment.
Tags: pmi,mortgage insurance,homeowners insurance,cancel pmi,home equity,home insurance,home purchase,mortgage

For further reading: http://www.investopedia.com/articles/personal-finance/062014/how-get-rid-private-mortgage-insurance.asp ^[3]