Vail Daily column: Mortgage insurance can offer benefits

Vail Daily column: Mortgage insurance can offer benefits
Local News

By Edward Stoner

Mortgage insurance — when I first propose and discuss the option to those buying and even refinancing homes, the reply I receive is generally not one of enthusiasm to say the least. Mortgage insurance carries the connotation of wasted money or excessive monthly payments. But when examined in a little more depth, mortgage insurance can be a savvy financial tool to use when buying or refinancing a home if the circumstances require it. By definition per Wikipedia, mortgage insurance “is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan.” Mortgage insurance …

Source: Vail Daily Feed