05/28/2026
Mortgage insurance is designed to protect the lender if a borrower is unable to make mortgage payments. However, while it primarily benefits the lender, it can also benefit buyers by making homeownership more accessible, especially for those who may not have a large down payment saved up.
For many first-time buyers, mortgage insurance is what makes it possible to purchase a home sooner rather than waiting years to save 20% down. Whether youβre purchasing your first home, upgrading to a larger property, or relocating to a new area, understanding the role mortgage insurance plays in your loan can help you navigate the home-buying process with confidence.
Read May's featured blog here: https://keyrealtorsinc.com/mortgage-insurance-buying-a-home/.
Learn how mortgage insurance works, when itβs required, how much it costs, and how it impacts buying a home.