Discover how mortgage life insurance can protect your home, its benefits for families, and essential considerations when ...

Homeowners insurance mainly protects the borrower’s investment in their home, while mortgage insurance financially protects the lender’s investment in your home. Mortgage insurance, also known as ...

If you have to pay PMI, there are several ways to do it. With borrower-paid PMI, your premium is added to your monthly ...

Lender-paid mortgage insurance (LPMI) is an option for borrowers who cannot afford a 20 percent down payment on a home. In this arrangement, the lender covers the cost of the mortgage insurance, which ...

That’s why it’s critical to understand your documentation and know how much each monthly mortgage payment is impacting your ...

Mortgage insurance premiums (MIPs) are a type of insurance paid to the Federal Housing Administration (FHA) for certain mortgage loans. If you can buy a home with a Federal Housing Administration (FHA ...

Not to be confused with private mortgage insurance (PMI), mortgage protection insurance (MPI) helps cover your mortgage payment if you die or become disabled and can't work. MPI is similar to life ...

When Jody Ahern and her partner bought their first home, a one-bedroom condo in Vancouver, they were equally excited and nervous. They also found themselves somewhat overwhelmed when it came time to ...

Mortgage insurance allows homebuyers to purchase homes with down payments of less than 20%. This credit enhancement tool involves paying an additional charge with your mortgage to protect the lender ...

Mortgage insurance is a fee you pay to your lender to cover risks associated with funding your loan. Different loan types have different kinds of mortgage insurance, which may require either upfront ...