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  1. Yes, however not the kind you buy as mortgage insurance. That has a decreasing value (as you pay your mortgage) and a very high price. Get yourself a cheap, term life insurance policy instead. You can save as much as 10x over the price of the garbage sold as...

    10 Answers · Business & Finance · 20/08/2006

  2. Because the mortgage company requires it. WHY do they require it? Because your monthly tax, insurance, and PMI are all being collected and set aside to pay for NEXT year's taxes and insurance. You don't get free...

    9 Answers · Business & Finance · 04/01/2012

  3. Talk with your auto insurance agent to see what he/she recommends. Usually a term life policy is way cheaper and actually provides more coverage. Mortgage insurance will pay off your mortgage and nothing else. If you have term life the limit...

    3 Answers · Business & Finance · 21/03/2013

  4. It think you should post your question under credit, not insurance. You will get a better answer.

    2 Answers · Business & Finance · 03/06/2010

  5. The deductibility of mortgage insurance depends on your income. See here:,,id=202593,00.html Mortgage interest, property tax and points paid (if any) are deductible. Not other refi...

    4 Answers · Business & Finance · 21/01/2010

  6. Get the tax returns corrected. Then go speak to another mortgage lender. You may be able to find one that would manually under write the loan.

    5 Answers · Business & Finance · 01/11/2010

  7. If you bought a Rolls-Royce instead of a Chevrolet, the government may have a program to assist you and others who make unwise decisions. Your home was treated as an asset, against which you borrowed sufficient cash to place you at...

    1 Answers · Business & Finance · 01/10/2008

  8. Mortgage protection insurance is CRAP COVERAGE. It's effectively decreasing term life insurance - costs WAY more than regular life insurance, AND the benefit goes down as the policy goes on, but you still pay the same...

    5 Answers · Business & Finance · 21/11/2012

  9. Depends on the level of coverage that you want.

    4 Answers · Business & Finance · 05/09/2010

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