0xbt

You do not choose the home mortgage insurer and you can't bargain the premiums. Simply put, when buying or refinancing a home with a traditional home mortgage, if the loan-to-value (LTV) is higher than 80% (or equivalently, the equity position is less than 20%), the consumer will likely be required to bring personal home loan insurance coverage. It appears unAmerican, but that's what takes place when you obtain a home mortgage that surpasses 80 percent loan-to-value (LTV).