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Updated about 12 years ago on . Most recent reply

Shawn Mcenteer's profile image
Shawn Mcenteer's profile image
Shawn Mcenteer
  • Realtor
  • from Boonton Township, NJ
  • Member since Jan 26, 2013
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Shawn Mcenteer's profile image
Shawn Mcenteer's profile image
Shawn Mcenteer
  • Realtor
  • from Boonton Township, NJ
  • Member since Jan 26, 2013
Connect
Shawn Mcenteer
  • Realtor
  • Boonton Township, NJ
914
Votes |
2,118
Posts
Buying & Selling Real Estate

Mortgage insurance question

Shawn Mcenteer
  • Realtor
  • Boonton Township, NJ
Posted

I found out today the monthly cost of a house I am looking to buy. The montly cost is roughly 1700, 180 of which is mortgage insurance. I am only putting 5% down on the house. I was told the reason i must pay the mortgage insurance is because i am putting less than 20% down. Is there any way of getting around having to pay for mortgage insurance?

  • Shawn Mcenteer
  • 9739753895
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House Hacking New Jersey
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