Why Is It A Good Idea To Get More Life Insurance After Getting A New Mortgage? 
The debt to income ratio required to obtain a mortgage often necessitates two incomes in order to buy a home . If one of those wage earners were to pass away , it is nearly certain that the other will not be able to afford paying the mortgage on their own . Thus , in addition to adjusting to all the other difficult changes brought about by death of a parent and/or partner , survivors are forced to find and move to another home . A low cost term life insurance policy with a face amount equal to the mortgage will pay off the mortgage and save survivors from much unneeded trauma . 