2 ms·
Mortgage insurance. It's requires for my FHA loan, but I've also paid 3 months ahead on my mortgage to give me additional breathing room.
by Simulacra 9y ago
Mortgage insurance. It's requires for my FHA loan, but I've also paid 3 months ahead on my mortgage to give me additional breathing room.
- scarface74 9y agoMortgage insurance doesn't protect you, it protects the bank. The bank can still foreclose just as fast, they are just guaranteed to get their money if the price they sell the home for is less than the amount you owe. But it still only takes one bad tenant or one good tenant that comes on hard times to cause you to lose all of the profit.