Real Estate

If you're not required to purchase mortgage insurance, you may want to consider long-term disability or term life insurance as alternatives.

I just gave our loan officer the go ahead on the mortgage for our house, so the first stressful thing is out of the way for me, at least for a day or two. Hopefully I won’t be second guessing myself on it. He gave us what seemed to be the best combination of payment/interest rate/closing costs and a loan program/process that I was sure I completely understood. At this point in our lives my two most important concerns were the monthly payment and the closing costs cause things are going to be a little tight on both of those. Things like whether we have to pay mortgage insurance, etc., were of high but slightly secondary importance. Next time around when we have some equity in our house and hopefully a more liquid situation in general I’ll spend more time finagling to get the very best deal.

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