Me and my fiance are in the process of buying our own home and I am just wondering if it is compulsory to have life insurance in order to get a mortage, or is it just optional?
That depends on the type of mortgage you are buying and how much money you are putting down as the down payment on the home.
If you have questions about your need for mortgage insurance you can ask the mortgage company what requirements they have for buying mortgage protection insurance for your home loan.
In addition, even if you are not required to buy mortgage insurance you may want to consider buying mortgage term life insurance to protect your fiance and yourself in case one of you dies before the mortgage loan fully paid off.
Here's how you can learn more mortgage life insurance, how it works, and how you can compare free mortgage life insurance quotes online in a matter of minutes.
There's no need to risk one of you losing your home if the other were to die unexpectedly. Mortgage life insurance can help you keep the home you share with your fiance.
That depends on the type of mortgage you are buying and how much money you are putting down as the down payment on the home.
If you have questions about your need for mortgage insurance you can ask the mortgage company what requirements they have for buying mortgage protection insurance for your home loan.
In addition, even if you are not required to buy mortgage insurance you may want to consider buying mortgage term life insurance to protect your fiance and yourself in case one of you dies before the mortgage loan fully paid off.
Here's how you can learn more mortgage life insurance, how it works, and how you can compare free mortgage life insurance quotes online in a matter of minutes.
There's no need to risk one of you losing your home if the other were to die unexpectedly. Mortgage life insurance can help you keep the home you share with your fiance.
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