Forced Placed Insurance

Did you ever wonder why mortgages might get sold?  You may have taken the time to find the right bank, or perhaps you are using the same bank that your parents have used for decades. The main reason a mortgage gets sold is because of the interest associated to that mortgage over the life of the loan.  For example, if you have a $200.000 mortgage with an interest rate of 6% over 30 years, the interest alone is worth $230,000!  That’s a lot of money that the bank has