Mortgage Insurance

Mortgage Insurance is level or decreasing term insurance designed to pay off any debt on real property. The premium remains level for the renewal term of the policy. This type of insurance is often sold at financial institutions and the benefit is tied directly to the mortgage loan.

An individual program can insure one life or be on a joint-first-to-die basis. There are numerous riders available such as Disability, Critical Illness and Accidental Death and Dismemberment.

Before signing for mortgage insurance at a financial institution give us a call to compare. You may want to look at regular term insurance that is portable from one property to another and whose benefit is not tied directly to the mortgage loan.

Who should purchases this program?

Homeowners usually purchase this program to protect themselves in case one of the family principals dies. With a reduced income the lack of mortgage insurance can quickly affect the life style of a family. Upon death of one of the principals the mortgage is paid leaving the house debt free. Most mortgages are given by lending institutions based on the earned income of both principals.

It can also be used to insure the principals who borrow for the purchase of commercial buildings.

How do I get a quote?

In order to provide you with an accurate appraisal, please complete our no-obligation, no-risk on-line form.