Episode 13 - Is Mortgage Insurance Good or Bad?

Trick question: Is Mortgage Insurance Good or Bad? Mortgage insurance can be very good because it helps us buy a home with less than 20% down payment, but it can be bad if you're not careful. Many buyers are wasting thousands of dollars on up-front mortgage insurance or monthly mortgage insurance, all because they didn't know that this piece of the loan is a great place to focus for savings! In this episodes Nelson lays out some rules of thumb designed to help you make the right decisions around mortgage insurance.