Mortgage insurance: Added cost to homebuying or smart way to get in?
Mortgage insurance: Added cost to homebuying or smart way to get in? (BPT) – The homebuying process is exciting, but can also seem fraught with added costs, like a home inspection, title insurance and closing costs. And if you can’t afford a full 20 percent down payment on a conventional home loan, then you will most likely pay for private mortgage insurance (MI). Some people consider private MI yet another added cost, but it helps creditworthy middle-income homebuyers qualify for home financing sooner with a […]