Getting Rid of Mortgage Insurance

Mortgage insurance (MI) is something that was probably forced it upon you.  It may have been necessary at the time, however, it may not be necessary to any more.  With a conventional loan, by federal law, MI drops off when the loan is paid down to 78% of the original sales price.  With FHA, depending […]

Why do I Need Mortgage Insurance?

Mortgage Insurance – M.I. or no M.I. – that is the question What is it ? – Insurance that pays the lender in the case of default (non-payment)… that the borrower pays for. Why would I want it ? – It’s not likely that you would elect to pay Mortgage Insurance you had a choice.  […]