Entries for category "mortgages"

Mortgage Life Insurance is an insurance policy that has been specifically designed to protect a repayment mortgage.  The underlying concept of this insurance policy is that if the policyholder were to die or be incapacitated, the coverage will pay off the balance of the...

Did you know that mortgage insurance offered by the bank must be renewed with the mortgage? It’s true. Upon renewing a mortgage, the mortgagee needs to re-apply and re-qualify for the bank’s mortgage insurance offering. Think about purchasing a 10-20 year term life insurance policy instead. Click here...