Home Mortgage Insurance

by guy.ayel » Sun Aug 16, 2009 01:22 pm

Is it also an Insurance that would pay my loan if I die?

Total Comments: 2

Posted: 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.

Posted: Fri Aug 21, 2009 01:57 am Post Subject:

Thanks for this information,really helpful..

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