Determining how much you’ll pay for mortgage default insurance can be confusing. The premiums are calculated according to risk. The higher the perceived risk of the mortgage application, the higher the default insurance premium will be. There are a number of different factors that are taken in to consideration when risk is determined: the amount […]
Articles Tagged: Genworth
How much are my mortgage default insurance premiums?
Mortgage default insurance depends on a few factors. The two largest factors though are if you are self-employed, with difficult to prove income, and the amount of your downpayment. If you can get to 20% down, there is a good chance you won’t have to cough up any of these premiums 🙂 For a list of the latest […]