Mortgage Insurance

Author: Boychuk Mortgage Group |


🔹What is Mortgage Insurance ?🔹

This is an option that costs a few extra bucks a month and is offered when you apply for a mortgage.

🔹It ensures that your estate won’t owe any money should a tragedy occur, offering peace of mind that your spouse or loved ones won’t have to cover the mortgage, without your income.

🔹 The cost of mortgage insurance decreases as the balance of your mortgage is paid down.

🔹 Mortgage insurance is different than life insurance. It only offers coverage towards the balance of your mortgage.

It is important to look into options that best suit your family.