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    Gaynor Williams's Avatar
    Gaynor Williams Posts: 1, Reputation: 1
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    #1

    Feb 26, 2009, 10:38 AM
    Mortgage insurance
    Do you have to take out insurance when you take out a mortgage?
    ZoeMarie's Avatar
    ZoeMarie Posts: 2,049, Reputation: 468
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    #2

    Feb 26, 2009, 10:47 AM

    When my husband and I bought our house they told us we only had to have mortgage insurance until we had 20% of the loan paid. I don't know if that applies to everyone or not, but it's what I've heard around here.
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