is mortgage insurance always necessary

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Private Mortgage Insurance-Is it Necessary to Pay PMI when Buying ...
Private Mortgage Insurance, or PMI, is a type of insurance that insures the lender in case the buyer defaults on the loan. The lender, or bank, requires PMI when .
http://personalinsure.about.com/cs/homeowners/a/aa040703a.htm

CBC.ca - Marketplace - Mortgage insurance: Not always a sure thing
Feb 6, 2008 . I've always thought mortgage insurance was a rip-off mainly . to buy an insurance policy for just over the amount we needed the mortgage for.
http://www.cbc.ca/marketplace/2008/02/06/in_denial/

What is Mortgage Insurance?
Not all borrowers can afford the 20% down payment necessary to avoid paying mortgage insurance premiums. To assist these borrowers, a financing technique .
http://www.wisegeek.com/what-is-mortgage-insurance.htm

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    • Lenders mortgage insurance - Wikipedia, the free encyclopedia
      If borrowers have less than the 20% downpayment needed to avoid a mortgage insurance requirement, they might be able to make use of a second mortgage .
      http://en.wikipedia.org/wiki/Lenders_mortgage_insurance

      PMI - Do You Need It? - Financial Web
      Private Mortgage Insurance, or PMI, is a type of insurance that helps protect the . It is generally required by the lender when the buyer has a down payment less . (Be sure to always consult with your attorney or accountant for specific details.) .
      http://www.finweb.com/mortgage/pmi-do-you-need-it.html

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    • FHA Requirements: Mortgage Insurance
      FHA requirements include mortgage insurance for FHA loans to protect lenders . So, what is the required waiting period for new FHA home loans after filing .
      http://www.fha.com/fha_requirements_mortgage_insurance.cfm

      Private Mortgage Insurance (PMI)
      PMI is often required by lenders due to the higher level of default risk that's . always tax deductible.1 Mortgage insurance is one of the few types of insurance .
      http://www.themoneyalert.com/mortgageinsurance.html

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    • How Long Do You Pay Mortgage Insurance on an FHA Loan ...
      The Federal Housing Authority (FHA) always requires mortgage insurance on their . a conventional loan where no mortgage insurance would be required.
      http://homeguides.sfgate.com/long-pay-mortgage-insurance-fha-loan-9441.html

      PNC Mortgage - Insurance FAQ's
      PNC Mortgage has found that your flood insurance coverage is lower than the amount of coverage necessary to repair / replace your home in the event of a .
      https://www.pncmortgage.com/mymortgage/Frequently_Asked_Questions/Insurance_FAQs.aspx

    Avoiding Taxes

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