Purchasing a home is one of the biggest and most important investment your will ever make in your life. It is therefore, so essential to find a mortgage insurance that is best suited to your situation and individual needs. There are many advantages to insure your mortgage loan with an insurance company rather than the loaning institution,
Most insurance companies offer you to select a term that allows you to cover in part of in full, your financial commitment in the event of death. All your loans and lines of credit are covered with one insurance policy. This term selection gives you freedom to choose the exact duration of your insurance term from 10 – 40 yrs and your premiums won’t increase for the term you select. Further, you can convert your term insurance into permanent life insurance, at any time.