👉 Why mortgage insurance? It's not just for bad guys, mortgage insurance is for me! The saying goes, if you don't have a roof over your head, why rent one? But when you're on the hook for millions of dollars in debt, it doesn't do much good to try and avoid paying your mortgage. And then there's the whole 'downside' argument about how some people believe that mortgage insurance is simply a form of insurance against losing their home. It just makes sense! But still, mortgage insurance can be a real headache for many who are trying to make ends meet.