Benefits of Mortgage Insurance
CategoriesFinancial Education / Home Financing Tips
Mortgage Insurance Has Benefits
Did you know mortgage insurance has benefits? Most of the time it is seen as an extra cost, but there may be real benefits that result from getting Mortgage Insurance.
- You may be able to buy a home faster
- You may be able to offer a lower down payment – as little as 3% down
- Mortgage Insurance is eventually cancellable when the loan reaches 80% of the original value
- Save more for emergency funds
Our loan servicer can offer more information about how to cancel Mortgage Insurance.
Contact our award-winning team today to learn more about how Mortgage Insurance could benefit your home purchase!
*Not a commitment to lend. All loans subject to credit and property approval. The following terms are for illustrative purposes only. Rates, payments, and loans terms vary by consumer based on their individual qualifying information. The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance.
|Loan Term||Down Payment||Annual Percentage Rate||Estimated Monthly Payment|
|30 year fixed rate||10% (90% LTV)||4.75%||$1,043|