Mortgage Insurance Protection
Mortgage insurance protection is simply a life insurance policy on the homeowner that allows their dependents to pay off their mortgage in case something tragic happens to them. This policy is placed to protect the family rather than the mortgage lender. This is often confused with mortgage default insurance, which is placed when the lenders require if you have less than 20% equity in our house,
You are eligible to apply for mortgage insurance protection if you are a Canadian resident between the age of 18 to 64 and you currently involved in a mortgage up to $1,000,000. Mortgage insurance is often important for those who are primary or sole breadwinners for their family. You do not lose your coverage no matter how many times lenders or houses are changed.
With the help of Majestic Mortgage apply for mortgage insurance protection to secure the needs of your loved ones in the future. Contact Majestic Mortgage today for the right step to protecting your family.