6 Reasons To Make A Larger Down Payment

Your Heirs Get Nothing – Most homeowners hear the word “insurance” and assume that their spouse or kids will receive some sort of monetary compensation if they die, which is not true. The lending institution is the sole beneficiary of any such policy, and the proceeds are paid directly to the lender (not indirectly to the heirs first). If you want to protect your heirs and provide them with money for living expenses upon your death, you’ll need to obtain a separate insurance policy. Don’t be fooled into thinking PMI will help anyone but your mortgage lender.

6 Reasons to Avoid Private Mortgage Insurance
6 Reasons to Make a Larger Down Payment
6 Reasons to Make a Bigger Down Payment on Your Home
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