Buying a house is a big investment, and buyers are finding that life insurance is a more flexible and less expensive alternative to the mortgage life insurance they buy from the bank. This is another reason why life insurance is an important part...
Are you thinking about changing your home loan? You can get a new mortgage with a lower interest rate if you refinance your home mortgage. Home refinancing is just taking out a new loan to pay off an old one. If you do everything right, it will...
Private mortgage insurance has been a source of complaint for many first-time homebuyers. This article talks about private mortgage insurance, which is also called "PMI."
Insurance for private mortgages
Every business in the...
Insurance is a good way to protect yourself against the unexpected things that happen in life. Mortgage Payment Protection Insurance is meant to keep you from going into debt or not being able to pay your mortgage because you lost your job. If...
Getting a mortgage is hard enough, what with all the terms like "fixed rate," "discount," "variable," etc., so when you hear the words "mortgage insurance," your eyes will probably start to glaze over.
But mortgage insurance is a very...
Most of the time, the coverage is added to a Mortgagee's Title Insurance policy, and the buyer usually pays the premium. For this policy, you pay a monthly premium on top of your monthly mortgage payment, just like you do for most other types of...