• mortgage insurance

    Mastering The Basics Of Mortgage Insurance

    We all have thought of taking out a mortgage at one point or another. In addition to the excitement that a mortgage promises, there are risks involved. The most common risk is the possibility of defaulting. Do we ever pause to think of what this would mean for the lender? Does a mortgage lender have any sort of recourse in such a situation? Let’s find out. Mortgage Insurance Mortgage insurance is a policy that protects a title holder or mortgage lender should the borrower...
  • Mortgage Insurance Or Term Life Insurance

    Mortgage Insurance or Term Life Insurance

    You will definitely hear the term mortgage insurance in the process of seeking financing for your new home. It will be packaged as “protection for your family” although you will probably feel that it’s an unwelcomed guest looking to stretch tighter your already stretched budget. As a new or subsequent homebuyer, you already have a myriad of decisions and tasks concerning insurance. Yet there are two terms, “mortgage insurance”€ and “term life insurance”, that will give you a headache. It’s important to understand these...
  • mortgage insurance

    Is Mortgage Insurance a Bad Idea?

    People with homes deserve a standing ovation, whether it’s a two-room house or a mansion. The prospect of a new home is exciting, but when you meet the paperwork and a ton of complex-termed documents, you can be overwhelmed if you were unprepared. In this discussion, we’ll assume that you are taking a mortgage for a house. Banks will hurriedly serve you the mortgage papers without giving advice on what to do—apart from showing you where to put a signature. Among the many checkboxes in your...