Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/18/84; site noscvax.UUCP Path: utzoo!linus!decvax!ittatc!dcdwest!sdcsvax!noscvax!dberg From: dberg@noscvax.UUCP (David I. Berg) Newsgroups: net.invest Subject: Re: Mortgage Insurance Message-ID: <81@noscvax.UUCP> Date: Sat, 2-Nov-85 13:00:39 EST Article-I.D.: noscvax.81 Posted: Sat Nov 2 13:00:39 1985 Date-Received: Tue, 5-Nov-85 06:09:51 EST References: <1229@mhuxt.UUCP> Organization: Naval Ocean Systems Center, San Diego Lines: 27 > Does anyone have any comments on the worth of mortgage insurance? > From my point of view it has a great deal of worth, but it would depend on each individual's personal and fincancial situation. Assuming a married couple, especially with children, if the mortgage payments are dependent on the income of all the breadwinners in your home, the loss of any part of that income would place your home in jeapordy. If the mortgage could be supported by the income of either spouse working alone (assuming both sposes are working), the risk is far less and the value of mortgage insurance would be considerably less. The question to ask is: If my household should lose my income, could my family continue to live comfortably in their present home? If the answer is no, then mortgage insurance should be seriously considered. Mortage insurance can be bought for either or both spouses; joint insurance is cheaper than two separate policies. It is not very expensive. I am at age 42 and pay a little over $200 per year for $110,000.00 of mortgage insurance. (My policy covers me alone; it is not a joint policy.) -- David I. Berg (dberg) ARINC Research Corporation San Diego, CA MILNET: dberg@nosc UUCP: {ihnp4 akgua decvax dcdwest ucbvax}!sdcsvax!noscvax!dberg