Mortgage insurance has crossed your thoughts if you are going to get a house. Your mortgage is insured for the lender in case it goes default. Most if not all home owners do not plan on their loan defaulting. All the better, so no need to be concerned with mortgage insurance, right? Wrong. Mortgage insurance can be used to reduce your mortgage down payment or interest rate. That seems like a good deal and is at least looking into, right? A down payment is tough for many buyers to come up … [Read more...]