June 13, 2018

Individual vs. Mortgage Insurance

Whether you’re a first-time home buyer, or purchasing a vacation property, if you have a mortgage your lender will encourage you to purchase mortgage insurance.

Like every other life insurance policy, a death benefit will be paid if the insured person dies. Mortgage insurance is usually not the most cost effective and flexible way to protect your assets and family. In almost every case there are less expensive policies than those offered by lenders.  The video below explains the difference:

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