April 2020

Found 2 blog entries for April 2020.

Everything You Need to Know About Mortgage Protection Insurance (MPI)

Mortgage Protection Insurance

What is Mortgage Protection Insurance (MPI)? 

Mortgage protection insurance (MPI) is a policy that pays off your mortgage in the event that you pass away during the term of the mortgage. If you share the mortgage with someone, both individuals need to be covered under mortgage protection insurance. The policy lasts the same length of time as your mortgage. For example, if the length of your mortgage is 30 years, mortgage protection insurance must also be in place for 30 years.

Shortly after securing a mortgage and closing on a home, you may begin receiving letters in the mail urging you to purchase mortgage protection insurance. As a homeowner, it is always wise to plan for

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What is Mortgage Insurance? What are the Pros and Cons of Private Mortgage Insurance (PMI)

The Pros and Cons of Private Mortgage Insurance (PMI)

Many of our clients want to know what is mortgage insurance or private mortgage insurance (PMI) and do I need it? What are the differences between mortgage insurance and private mortgage insurance? What are the pros and cons to mortgage insurance? Can I get rid of private mortgage insurance (PMI)? This article will help answer your questions as they relate to mortgage insurance and private mortgage insurance as well as shed light on the pros and cons of both.

Traditionally, the target for a down payment on a home has been 20% of the purchase price. But that's a hefty chunk of change for most Americans, especially first-time home buyers. Thankfully, there are options in place that allow buyers

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