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Thesa Chambers, Principal Broker

Contact Us Today At (541) 771-7064
thesa@centraloregonbuzz.com

70 SW Century Dr #110 Bend, OR 97702

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Mortgage Insurance – What Is It?

Many Central Oregon first time home buyers and even experienced home buyers have no idea what mortgage insurance is.  Why would they, mortgage insurance is not something that benefits the buyer and so there is not much talk about it.

Some of the common misconceptions of mortgage insurance are; that it pays the mortgage when a homeowner is unemployed, sick or even death.  Mortgage insurance does NOTHING for the home owner.  Mortgage insurance is all about the bank, it insures the top 20% of a loan to the bank that provides the funds for your home.  If you plan to use a loan which requires less than 20% down payment your can bet you will be paying mortgage insurance, with a few exceptions.  Check out this video from Home Loan Ninjas – once again they explain your mortgage needs in a way that makes it easy to understand.

Additional Ask The Mortgage Professional Articles

Looking for a mortgage professional? I would encourage you to contact;

Jason or James – your Home Loan Ninjas

at 503.799.4112 or you can visit their website and see more info about mortgages and what you should expect.

Posted in: Buying Tagged: 100% financing, central oregon homes for sale, fha, home loan, home path, mortgage, mortgage information, usda, VA loan

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About Thesa

As your real estate agent, I understand the value of providing the best possible service to every buyer and seller. Listening carefully to fully identify not only your desires but also your needs. Then work diligently to ensure that both are accommodated to the best of my ability. We will stay abreast on changing market conditions, trends, developments and research all factors that could affect the purchase or sale of your property.  My success and your happiness greatly depend upon the quality of the relationship we achieve.  Through personal redefinition of the professional standards set by most agents, I hope set myself apart from the rest and become the first person that you think of for all of your real estate needs.

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Contact Thesa

Thesa Chambers, Principal Broker West + Main Homes
thesa@centraloregonbuzz.com
(541) 771-7064
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The data relating to real estate for sale on this website comes in part from the MLS. Listing broker has attempted to offer accurate data, but is not guaranteed accurate. All information presented is deemed reliable but not guaranteed.

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