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Thread: Importance of mortgage insurance

  1. 10-14-2016, 12:25 AM #1
    willieanderson
    willieanderson is offline Registered User
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    Importance of mortgage insurance

    I have been looking for workshop space near Toronto to start a workshop of my own. I have found one property near Toronto and I am going to consult one mortgage broker in Canada to buy it. I have heard of mortgage insurance. What is the importance of mortgage insurance protection? Is there any separate procedure for it? If somebody knows about this in detail, please help me with your replies. Thank you in advance.
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  2. 10-14-2016, 04:11 AM #2
    Steve R Jones
    Steve R Jones is offline Administrator
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    Mortgage protection insurance, or MPI, is also called mortgage payment protection insurance, or MPPI. It's simply life insurance that pays your mortgage if a certain event, such as death, disability or job loss occurs.
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  3. 01-18-2023, 05:28 AM #3
    singingamy
    singingamy is offline Registered User
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    I completely agree with the previous post. Home insurance is an absolutely necessary thing for the people who don't want to put their comfort in a risk. We had couple of different warranties already and next time i am going to talk to liberty home guard customer service https://www.pissedconsumer.com/compa...r-service.html as i heard a lot of good things about them from my co-workers.
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