----- Original Message ----- From: "Julia Thompson" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Wednesday, January 01, 2003 4:07 PM Subject: Re: OT: mortgage default question
> I don't think you can not pay into mortgage insurance, if it's > determined that you ought to have it. So the option of *not* having the > mortgage insurance may not be available in many cases. We have no escrow account on our present mortgage, although we had one on the first two mortgages. We were told that, if we paid 20% or more down, we didn't need it. We did, so we didn't. Do you know of a counter example to this, where a family paid at least 20% down on a first morgage on their primary residence and still needed to make mortgage insurance payments? _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
