Do I need mortgage insurance from my bank?

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.