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Mortgage InsuranceWhen you purchase or refinance a home mortgage, or even if you have paid on your current mortgage for many years, you may get approached about mortgage insurance. This form of mortgage life insurance covers your mortgage balance in case of death, and may also include extra options (for an extra cost) to cover your mortgage in case of disability or critical illness. Some policies also have mortgage unemployment insurance, which will cover a house payment if you lose your job.Understanding Mortgage InsuranceWe believe you should protect your home and make sure your loved ones hold onto the most valuable asset that most people own. However, before you enter into a long term contract, make sure you understand what you are purchasing. Also make sure you have purchased the best and most affordable mortgage protection insurance plan on the market! |
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