what is mortgage insurance and where can i get the best insurance for mortgage insurance
There is really no difference between a term life insurance policy and a mortgage insurance policy. Mortgage insurance is a term life policy, simply one that is chosen to coincide with your mortgage. This means that you donât have to buy something that is called mortgage insurance to cover your mortgage. You can simply carry a term life insurance policy with the value you need for the death benefit. The bonus to this is that you can combine all of the coverage you need under one policy. Thereâs really no need to have two policies, one for the mortgage and one for your regular life insurance needs.