Home Mortgage Insurance

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PostPosted: Sun Aug 16, 2009 1:22 pm   Post subject: Home Mortgage Insurance  

Is it also an Insurance that would pay my loan if I die?
guyayel
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PostPosted: Mon Aug 17, 2009 11:06 am   Post subject:   

No, it's not if you are talking about PMI..There is a policy typcially referred to as 'credit life" that would pay off your mortgage if you die. However IMO it's a huge rip off and should only be considered if you for some reason cannot get a life (term) policy.
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Lori
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Lori
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PostPosted: Fri Aug 21, 2009 1:57 am   Post subject:   

Thanks for this information,really helpful..
garry4
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