Real estate blog entries tagged with mortgage indsurance by Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty)

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mortgage indsurance: If we don't learn from history we are doomed to repeat it. - 08/08/15 10:50 AM

For some reason I have been deluged with emails, tweets, and FaceBook posts touting ways for purchasers to buy homes with nothing down.
I have never made it a secret that I am not a fan of 100% loans. As a matter of fact I'm not crazy about any loan in which a borrower is required to insure part of the loan for the mortgagee. It a waste of money and it doesn't really help the borrower much in the event of default.
But the real reason I don't like no down-payment or low down-payment loans is that history has taught us that borrowers are … (13 comments)

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