What to do with Mortgage Insurance on Your Taxes Another new year is upon us and you know what that means… BOX Home Loans has the best rates!!! And… In a few months you’ll be filing your taxes! If you’re anything like me you’ll choose to file your taxes on your own with Turbo Tax or maybe Read M... Read more ›
Why does private mortgage insurance exist? If you don’t have a lot of money to put down on a mortgage, you will probably be required by your Lender to pay for private mortgage insurance. Many Lenders would otherwise be unwilling to take on the risk of a loan with a down payment lower than 20% Read More »... Read more ›
Private Mortgage Insurance Private Mortgage Insurance is designed to protect the Mortgage Lender in case the borrower defaults on the loan. It provides protection in the event of a foreclosure of the property in which the Lender had financed more than 80% of the home’s value. In the event the borrower has defaulted on the Read More »... Read more ›
