You have found your dream home but you don’t have enough for down payment? Or you are worrying about the rise of home prices, the increase of tax or other unexpected expenses? It shouldn’t be hassle to own a house that you always dream about. Mortgage insurance can support you in many ways and give you an access to own your house faster and easier.
The mortgage insurance helps home buyer to get qualified for purchasing a house with little down payment. It also protect the lender and investor from losses related to borrower default and disclosure. Mortgage insurance is completely different from homeowner insurance or property insurance. This insurance is designed to repay any outstanding mortgage debt in the event homeowner death or become long-term disability.