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mortgage insurance

cost
  • April 28 2013 - Hanover Township
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Answers (3)

Profile picture for Mike Bottaro
expensive
  • April 28 2013
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The cost of mortgage insurance is mainly based on the following factors:
- amount of down payment,
- credit score,
- debt-to-income ratios,
- cash reserves
- type of transaction, i.e., purchase, refinance

The cost will also vary from one mortgage insurance company to another. Not all lenders work with all of the same insurance companies.

Hope this helps,

Mark
  • April 28 2013
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Depends on loan program, length of loan among other factors.
  • April 28 2013
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