It's a type of life insurance policy that provides your beneficiary with the money needed to pay off your outstanding balance on your home mortgage loan when you pass away.
That way, your family can remain in the home they shared with you and have the funds needed to pay for the home mortgage.
Your home may be the largest asset you ever purchase and the place where you make so many wonderful memories with the ones you love.
By purchasing home mortgage insurance you can have peace of mind knowing you provided the financial security your family needs to keep their home, even if you are no longer there to provide for them.
Learn more about home mortgage payoff insurance and how to compare rates.