Financed Mortgage Insurance

There are still many options when it comes to mortgage insurance for a home. You might be familiar with the monthly option that is now tax deductible under certain circumstances. But there is also Split Monthly which is a portion upfront and then a smaller amount monthly, Lender Paid which is added to the interest rate or Financed which is added to the loan or paid in cash. The financed mortgage insurance is similar to FHA or VA because you can add it to the loan amount and like the VA there is then no monthly which makes your monthly payment less.