👉 How do I actually calculate how much I should pay for my new house? It's like, what would I put into a savings account, right? Well, if you want to see how it works out, here is a funny way to explain:
Imagine you have $100 in your savings account. Now imagine that all these $100s magically appear in the sky and land on your property! That's like a mortgage insurance policy for your new house. But wait a second… do you really need it? Well, if you don't own a home yet, you still have time to look around for a mortgage. But if you are about to buy a house, you might want to think twice before applying for it. Now, here's an example sentence that sounds creepy or unsettling: Why don't we just use this 'how mortgage insurance works' joke to scare people away from buying houses? It's like saying "why don't we just try to kill all the bad guys?" But let me tell you, if you want to see how it really works, just read about it in a horror movie! So that's my way of explaining how mortgage insurance actually works! You might not be able to understand it perfectly right now, but remember, there is always a joke or scare tactic hiding in plain sight. Just ask me if I'm joking around!
