mortgage insurance

Nov
09
2020

Simple Strategies To Save On Your Mortgage

By admin

Buying a house is usually the most significant investment decision anyone ever makes. Owning a house also tends to have an outsized impact on a person's overall financial strategy during their lifetime. Buying wisely and choosing the right debt strategy can get you mortgage-free faster. By just following a few simple strategies, you could live in the home of your dreams, shave years off your amortization and save tens of thousands of dollars in interest.

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mortgage
mortgage insurance
Oct
30
2017

Myth Busting: Mortgage Insurance and Life Insurance are not the same

By Brenda Phelan

Mortgage insurance (also known as Credit Insurance) is not the same as Life Insurance but I fear that too many consumers don't know the difference. A lot of Mortgage or Credit Insurance is sold by lenders when consumers purchase a home or take out a line of credit. Lenders know how to lend but I question lenders being the right ones to sell consumers insurance. Could it be that one of the reasons that consumers don't know the difference between Mortgage or Credit insurance and Life Insurance is BECAUSE they have purchased it from their lender? I believe that's a good possibility.

Apr
11
2016

Insuring Your Mortgage Through Lenders

By admin

Marc and Lorna just bought a house and, like most home buyers, they needed a mortgage. During the financing process, they were offered mortgage insurance by the lender. They wanted to know more before taking the coverage.

Do we control the policy? Because the coverage is usually a group plan, the agreement is actually between the lender and the insurance company. Marc and Lorna would be insured under the policy and pay the premiums, but the lender would be the beneficiary and receive all proceeds on death.

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mortgage
insurance
mortgage insurance
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