top of page
< Back

Important Resources

Save this article  > 

Do I need mortgage insurance from my bank?

Author: Staff
Publication date:
February 21, 2020
Article Summary: 

The blog post explains what mortgage insurance is and how it works. It also goes into detail about the different types of mortgage insurance available, including lender-provided insurance and third-party insurance. The post also discusses the pros and cons of mortgage insurance and when it may or may not be necessary. Some of the key takeaways include the fact that mortgage insurance is generally only required if the down payment is less than 20% of the purchase price, and that it can be expensive over the life of the loan. Additionally, third-party insurance may provide more comprehensive coverage and greater flexibility than lender-provided insurance.


mortgage insurance, lender-provided insurance, third-party insurance, down payment, comprehensive coverage, flexibility.

Source Citation: Staff
Do I need mortgage insurance from my bank?
February 21, 2020
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page