committing to pay a mortgage for up to 30 years can be Scary
In just a matter of minutes, you can Get a quote and compare rates.
Then, apply Online with an "A" rated Insurance Company by answering a few simple questions.
In most cases, you won't even have to take a medical exam.
Whether you know home loan insurance as home mortgage insurance, mortgage protection insurance, mortgage payoff insurance, loan payoff insurance, home loan mortgage protection, home loan mortgage insurance, or simply mortgage insurance, the fact is . . .
It is a term life insurance policy, issued for the length of your mortgage, and the remaining balance of your mortgage.
However, it is important that you know that some insurance companies use decreasing term that decreases as your mortgage decreases.
A level term life insurance policy provides more protection because any difference in the policy death benefit and the remaining mortgage balance is paid directly to your beneficiary, not to the mortgage company.
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