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Compare over 20 top providers in Cambridge, OH
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Explore multiple Cambridge, OH policies from all the leading insurers and choose the one that fits your needs.
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Our team tailors policies to your unique needs, meaning optimal coverage at competitive rates.
"I was totally lost trying to find the right mortgage insurance until I found PolicyHub. I was able to work with a licensed agent to compare all my options all at one. I got the perfect plan for me at a cheaper rate than I expected."
Barbara Winters
Policy Holder
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Tell us about yourself.
Finding the perfect mortgage insurance policy starts with answering a few questions to help us serve you better.
Step 2
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Discuss your options with a licensed insurance agent. Compare different plans to find the best policy with the cheapest rates.
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"I lost hope trying to find a mortgage insurance policy that wasn't insanely expensive. Thankfully PolicyHub helped me find the perfect policy that is affordable with high coverage. Thank you!"
Bill Barton
Policy Holder
PolicyHub is the smartest way to protect the people that matter most.
Safeguard Your Family
Mortgage insurance means safeguarding your family in a worst-case scenario. Don't risk it.
Gain Peace of Mind
Far too many Americans are financially blindsided by the death of a loved one. But not your family.
Protect Your Business
Protect your business by ensuring a smooth transition of ownership with the right mortgage insurance.
Beat Estate Taxes
Inheritance or estate taxes is burdensome for your heirs. A mortgage insurance policy can help.
Invest in Your Future
For less than $1 per day, you can make a huge contribution to your family's financial safety.
Build Your Legacy
Through a mortgage insurance policy, you can leave behind a legacy for your loved ones.
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With PolicyHub getting started is easy. Compare all the rates from all the providers. Get started in under 5 minutes.
All your mortgage insurance needs in one place.
Private Mortgage Insurance (PMI)
PMI is your solution for buying a home with less than 20% down. It protects your lender, but also enables you to own a home sooner with less upfront cash. It's added seamlessly to your monthly mortgage payments.
FHA Mortgage Insurance Premium (MIP)
FHA's MIP is ideal for those with less-than-perfect credit scores. With an upfront premium and a smaller annual premium, MIP makes homeownership more attainable for a broad range of buyers.
USDA Mortgage Insurance
USDA Mortgage Insurance is tailored for rural homebuyers. With a manageable upfront guarantee fee and a low annual fee, it's a cost-effective way to secure your countryside dream home.
VA Funding Fee
The VA Funding Fee, unique to VA home loans, is a one-time fee that helps sustain the VA loan program for future generations of military homeowners. Depending on your service history, you may even be exempt.
"Highly HIGHLY recommend PolicyHub if you need mortage insurance. They saved me sooo much time and money on my policy, it's nuts. Comparing all the providers at once is a game changer."
Chris Stephens
Policy Holder
Introducing PolicyHub Price Match Guarantee
Our priority is to save you money while getting you the right coverage. If you find a lower rate for a similar policy anywhere else, we'll match it! With PolicyHub, you can rest assured knowing you're getting the best price.
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"I knew I needed mortgage insurance but I didn't know where to go. I talked with a few other companies but the cost was outrageous. I found PolicyHub and found the perfect plan for me at an affordable cost."
Wendy Smith
Policy Holder
Frequent Questions...
Choosing the right mortgage insurance policy requires an assessment of the unique risks posed to those in the Cambridge, OH area. Speaking with local insurance providers and financial advisors who have knowledge of Ohio's housing market can provide invaluable insights into understanding an individual's coverage needs. It is also important to review different options and consider accurate estimates of monthly premiums, as well as coverage options to determine which policy best fits budget, property value and lifestyle.
How does a larger down payment affect my Cambridge mortgage insurance policy cost?
Having a larger down payment is beneficial for homeowners in Cambridge, OH, when it comes to mortgage insurance costs. With a bigger down payment, the total amount of the loan is lower, which means the insurance premium charged with the loan will be less. Additionally, having a larger down payment can also qualify you for a lower interest rate, which can further reduce your overall mortgage payments. In sum, investing a larger down payment is a great way to potentially reduce your mortgage insurance cost in Cambridge, OH.
What is a private mortgage insurance policy Cambridge?
Private Mortgage Insurance (PMI) is a valuable asset for Cambridge, OH homeowners who are unable to make or qualify for a full 20% down payment. PMI helps protect lenders from the financial risks associated with low-down payment mortgage loans, allowing them to offer more affordable mortgaging options to buyers who canβt make large down payments. Numerous Cambridge lenders specialized in PMI loans, so buyers can shop around and find the loan that best fits their individual needs and financial situation.
What are the drawbacks of FHA mortgage insurance near Cambridge?
FHA mortgage insurance can be costly for borrowers in Cambridge, OH. It requires an upfront mortgage insurance premium, which can be as much as 1.75% of the loan amount, and an annual premium of up to 1.35%. Because the premiums are added to the loan amount, the borrower pays interest on them over the life of the loan. In addition, borrowers with an FHA loan cannot generally remove the mortgage insurance unless they refinance to a non-FHA product, potentially incurring the expenses associated with another loan.
Do Cambridge mortgage insurance companies offer USDA insurance?
USDA Mortgage Insurance in Cambridge, OH is a unique program that provides 100 percent mortgage financing for eligible rural housing property types making home ownership a reality for even those with limited funds. This type of loan, which is insured by the US Department of Agriculture Rural Development Housing and Community Facilities Program, allows for more flexible requirements than many traditional loan programs, giving low to moderate-income borrowers the chance to obtain a home loan at a much more affordable rate than conventional home loans.
In Cambridge, OH, those who are eligible for a VA loan are those who have served in the active military, Naval, or Air Force service, along with Reservists and National Guard members. Additionally, spouses of military members who have died in the line of duty or because of a service-connected disability are also eligible for VA home loans. In order to take advantage of all the benefits of a VA loan in Cambridge, OH, applicants must receive a Certificate of Eligibility through the Department of Veterans Affairs.
Can I negotiate the cost of my mortgage insurance in Cambridge?
In Cambridge, OH it is possible to negotiate the cost of your mortgage insurance. It is best to research which insurers offer the best rates and terms for your location and budget. Additionally, speaking with an experienced mortgage broker or loan officer in Cambridge can provide you with advice regarding the options to obtain an acceptable insurance rate. They will be able to work with you on strategies to reduce the premium for your mortgage insurance or advise you on other options, such as smaller down payments, to reduce the cost of your monthly payments.
What are the requirements to cancel my Cambridge mortgage insurance policy?
If you are located in Cambridge, Ohio and you wish to cancel your mortgage insurance, the first step is to reach out to your insurance provider. Your provider will need to evaluate your property's loan-to-value ratio and confirm that it meets the criteria to qualify for cancellation. It is important to note that while many insurance providers allow for automatic eligible cancellations, you should contact your provider as soon as possible with questions or concerns to ensure that you get the most accurate information about the steps you need to take to cancel your mortgage insurance.
Is there an online calculator for mortgage insurance from a Cambridge mortgage insurance company?
Yes, there are several online calculators available that are relevant to Cambridge, Ohio. One option is from the Ohio Department of Insurance, which offers a mortgage insurance rate calculator for anyone looking to purchase a new home. The calculator allows you to enter specific information about your loan terms to determine the cost of mortgage insurance premiums and any other associated fees. Another option is Quicken Loans' Mortgage Calculator, which helps you estimate the cost of a mortgage and the amount of interest you would pay.
Who is required to use mortgage insurance companies in Cambridge?
In Cambridge, Ohio, anyone who puts a down payment of less than 20% on their mortgage loan may be required to have mortgage insurance. The insurance is typically required by lenders, as it helps protect them against any potential homeowner defaults on their loan. Consequently, if you're applying for a mortgage, it's important to understand whether or not mortgage insurance is required, and exactly how much it will cost you. This will be an important factor in calculating your total mortgage payments each month. It's best to speak to a financial professional to get a clear picture of what your obligations are.
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