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Mortgage Insurance Fee

Tina Said:

Mortgage insurance preminum on there twice?

We Answered:

If you are refering to the $5000 down payment as being payment for the insurance you could look at it that way. But fact is you paid $5000 down on the $127,100, which leaves the 122,100 you still owe. Either way you are paying it off. They did not add it twice. You are just calling what you paid the insurance premium. If they are in fact showing it was paid, then showing it again then you need to call the insurance company and argue with them about it having been paid already.

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