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What is Mortgage Insurance and Why do you Need it?
Have you ever been researching home loans and heard the term “mortgage insurance” only to have your eyes glaze over as you tried to research just what exactly this mystical item was and how it could impact your next home purchase? Worse yet, have you ever come across the term in your closing documents on that same purchase, next to a large dollar amount, without knowing what this fee represents? Never fear, we’re here to break down into simple terms everything you may need to know about this lurking fee. Th