Homeowners Insurance vs Mortgage Insurance: The Difference That Could Save You Thousands
When you sign your mortgage closing documents, you will likely see two separate line items that both include the word “insurance.” One is homeowners insurance. The other is mortgage insurance, sometimes listed as PMI, MIP, or a guarantee fee. Because both appear on the same paperwork and both add to your monthly payment, it is… Read more about Homeowners Insurance vs Mortgage Insurance: The Difference That Could Save You Thousands