14 Oct 2025
By noelkelman

Mortgage Protection and Insurance for Your Home Loan

Mortgage Tips, ,
When buying a home, mortgage insurance can be an important but often misunderstood component of your loan. It is designed to protect lenders from the risk of borrower default, but it can also impact your monthly payments and overall loan cost. Knowing the types of mortgage insurance, when it is required, and how to manage it can help you make informed decisions and potentially save money over the life of your loan. Types of Mortgage InsuranceThere are several types of mortgage insurance that borrowers may encounter. Private mortgage insurance, or PMI, is typically required for conventional loans when the down…
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13 May 2025
By noelkelman

The Rise of Mortgage Payment Protection Insurance

Mortgage Tips, ,
For many homeowners, a mortgage is one of the largest financial commitments they will ever undertake. With economic uncertainty, job market fluctuations, and unforeseen life events, many borrowers seek additional safeguards to ensure they can meet their mortgage obligations. One such safeguard that has gained prominence in recent years is Mortgage Payment Protection Insurance (MPPI). What is Mortgage Payment Protection Insurance?Mortgage Payment Protection Insurance (MPPI) is a type of insurance policy designed to cover a homeowner's mortgage payments in the event of income loss due to circumstances such as unemployment, illness, or disability. Typically, these policies provide coverage for a…
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