How much money do you put aside for...

[MommaL]

And I don't ever take the insurance a bank wants to put on your mortgage. That's the biggest scam, in my opinion. I'm so happy someone gave me that advice when I bought my first house.

Agreed! I learned this when a family friend who had insurance on his mortgage became sick. He was basically told that he wasn't sick enough. He appealed the decision, but was declined again. He hired a lawyer, but ended passing away before anything could be resolved. Such a sad situation. One definitely has to read all the fine print.

[Van]

Agreed! I learned this when a family friend who had insurance on his mortgage became sick. He was basically told that he wasn't sick enough. He appealed the decision, but was declined again. He hired a lawyer, but ended passing away before anything could be resolved. Such a sad situation. One definitely has to read all the fine print.

That is so sad Mommal- the banks always find a reason not to pay, for anyone who has a mortgage insurance with their bank just know that you can cancel it at anytime just by calling them as it is a waste of money that can go towards something else