This week we will be looking at different types of health insurance that you can take when taking a mortgage, to ensure both payment of your mortgage and to protect you and your family from reposession of your home in the event of a tragedy. In the first of two artciles this week, we look …

Mortgage indemnity insurance is something that comes up for a lot of first home buyers. It is usually based around the loan to value ratio of the mortgage. The loan to value ratio of the mortgage is the ratio between the amount of the loan and the actual value of the property being mortgaged. Generally …

Mortgage insurance, more commonly known as lenders mortgage insurance is insurance payable to the lender or trustee for a pool of securities that may be required when taking out a mortgage loan. This insurance is taken out in order to offset the losses incurred in the case where a mortgagor is unable to repay the …

As with any insurance policy is to provide an income to you family or dependants in the event that you are not capable of generating an income. You should always consider paying for a life insurance if you have dependants or people who rely on you to make a living and support them. Life insurance …

This is another type of life insurance, geared for the sole purpose of paying off your mortgage. Since what you owe on the mortgage reduces over time, the insurance cover and the premium also reduce over time. Hence the name, mortgage protection decreasing term assurance. If you have a family or those who depend on …

What is household insurance? Once you’ve taken out a mortgage and purchased a home, you need to insure the property and your possessions. Most often the mortgage lender provides you with an insurance package bundled with the mortgage plan. However, this is not always the best option. Most people sign up to a bundled solution …

In the event that you lose your job, the state would help you with your financial commitments. However that was a few years ago and things have changed quite a bit since. Within the current uncertainty, it is a good option to take out a mortgage payment protection insurance policy in order to ensure your …