What is mortgage insurance and will I have it on my New Hampshire Housing loan?
Mortgage Insurance (MI) is an insurance borrowers purchase to protect the lender in case of default. Unless you put 20% down on your mortgage you will need mortgage insurance. New Hampshire Housing has two ways of providing mortgage insurance, monthly or financed. For more information on all your mortgage insurance options with New Hampshire Housing, click here.
Related Questions
- Can I use the Special Account for capital repayment of my housing loan? What about progress payments for my private property which is still under construction?
- I have heard that New Hampshire Housing loan is subject to a Recapture Tax. What is this all about?
- Why choose an FHA (Federal Housing Administration) insured loan?
