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Mortgage Insurance

Understanding Mortgage Insurance

Mortgage insurance is insurance for the lender. Mortgage insurance protects the lender from certain losses and costs resulting from foreclosure. It is not home owner's insurance. Home owner's insurance covers the property owner in case of fire, theft, vandalism, etc. It is not credit insurance. Credit insurance is payment insurance in case the borrower loses the ability to pay their debt.

You are not obliged to take mortgage insurance from banks. You can always say no and get your own mortgage insurance.

To understand the benefits of having your own insurance, you must talk to knowledgeable advisor

Where can I get Information about mortgage insurance?

A licensed insurance agent or broker can help you with mortgage insurance and other types of health insurance coverage.

For more details, consult with one of our advisor. Call now 416 300 5055.


Sourabh Chadha

Financial Security Advisor