When navigating the world of mortgages, you’ll come across terms like insured, insurable, and uninsurable mortgage rates. Each of these categories impacts the type of mortgage you can get and the rate you’ll pay.  Understanding whether your mortgage is insured, insurable, or uninsurable is crucial in determining the interest rate you’ll pay. Insured mortgages typically offer the lowest rates, followed by insurable mortgages, while uninsurable mortgages come with the highest rates. Knowing these differences can help you make informed decisions when securing a mortgage.

Unlocking the Mystery of Mortgage Rates: Insured, Insurable, and Uninsurable Explained

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