What Is Mortgage Insurance & How Does It Work?

Mortgage insurance is a term you’ve probably heard before. What is it, though? And more importantly, is it necessary? Let’s face it: No one likes paying insurance premiums. When it comes time to purchase a home, however, mortgage insurance could make all the difference in your down payment and even whether or not you qualify. With it, you can get into the home of your dreams for as little as 3% down! To learn more, watch this short video.