Home Mortgage Insurance question?

Tips and Deals Forums Home Mortgage Home Mortgage Insurance question?

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This topic contains 2 replies, has 3 voices, and was last updated by Profile photo of  Anonymous 6 years, 3 months ago.

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  • #202955
    Profile photo of
    Anonymous

    Okay I need some info on mortgage insurance.i am currently living in my parents home which was built on their property, we don’t live with my parents. My husband and I pay the mortgage, taxes, and the insurance. We are going to refinance everything into our name but in the mean time we are saving money for any down payments on the refinance(if any).Since we have not refinanced yet, what type of insurance do we buy, home owners or renters insurance?

  • #259854
    Profile photo of
    Anonymous

    make sure mom and dad have home owners then you need renters

  • #426271
    Profile photo of
    Anonymous

    In todays real estate market things can and do go bad in a hurry. If you can’t afford to buy it outright or with a good mortgage and complete the renovations, you should pass on the deal.

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