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Thursday, February 16, 2012 - Mortgage Insurance

Often, if the down payment on your new home is less than 20 % of the purchase price, insurance is required to mitigate risk. As an estimation guide only (please verify actual amounts and logistics with a licenced Mortgage Broker), the cost of this insurance ranges from about 2.75% for 5% down, 2.00% for 10% down and 1.95% for 15% down. Insurance is typically waived for down payments above 20 %.   Remember to include these costs when looking to buy your next house!
posted in General at Thu, 16 Feb 2012 18:56:01 -0700

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Buying or selling real estate is one of the most significant financial decisions you will ever make.  We are pleased to now offer this open forum for your convenience and information exchange regarding real estate transactions.


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