Mortgage insurance,

Did you know that you do not always need mortgage insurance when you are over 80% loan to value and you don’t want a second mortgage. In place of monthly mortgage insurance we can make a slight adder to the interest rate and remove the monthly mortgage insurance. In most cases this will result in a lower monthly payment and better tax advantages versus monthly mortgage insurance. So it is totally possible to have 1 loan to 90% Loan to value and no mortgage insurance.