mortgage-life

Did you know that when you apply for a mortgage, you might need an insurance binder? And, no, this isn’t a little folder with all your insurance policies inside. Then what is an insurance binder for mortgage purposes and why does a mortgage lender need to see

In Canada, there are multiple types of home insurance products, from straight home insurance that protects your house to government-mandated mortgage default insurance for homebuyers purchasing a property with less than a 20% down

Did you know that in 2023, 31% of small to medium-sized companies throughout Canada reported lay-offs? The reasons behind the layoffs ranged from cutting costs to slowed operations and outsourcing work.  But, what can you do to protect yourself against job loss when the reasons for a company

Struggling to gather a 20% down payment for your dream home? Well, default insurance can help you buy your home with a down payment of as little as 5%.  Canada Guaranty Mortgage Insurance Company is one of only 3 insurance providers in Canada offering mortgage default insurance. But what exactly

Do you know the down deposit you need to buy a home today? Like many, you might think that it’s 20%. This is because, before 1954, a 20% downpayment was a requirement for potential homebuyers. Fortunately, times have

Did you know that a study conducted by Sagen Mortgage Insurance Company in 2023 found that the general population of Canada’s intention to buy a house is at an all-time low? It found that one of the major reasons people are delaying their house purchase is simply because they can’t afford to

Looking for a flexible way to protect your home and family? Sun Life Mortgage Protection Insurance offers a unique blend of term life and critical illness coverage, making it a standout choice for

Considering how to protect your family's home in case the unexpected happens? Canada Life mortgage insurance offers a reassuring solution, allowing you to secure your dream home. With affordable policies designed to cover your mortgage to your lender if you're no longer around, Canada Life stands

Before 1954, buying a home in Canada was tough, with buyers needing to put down at least 50% of the home's price. This made it hard for many families to buy a home. Then came CMHC mortgage

Don't have a 20% down payment saved up for your dream home? Worry not! High Ratio Mortgage Insurance (HRMI) is here to help. This guide breaks down how HRMI can turn your home-buying dreams into reality, even with less than 20% down. Dive in to discover how it works, its benefits, and insights on

Securing your home and financial future against unexpected life events is crucial, and CUMIS Mortgage Insurance offers a tailored solution. It covers critical situations like death, critical illness, disability, and job loss, ensuring your mortgage is taken care of when you need it

Choosing between term life insurance and mortgage insurance is more than just a financial decision; it's about ensuring your family's future security. As you weigh "term life insurance vs mortgage insurance," this guide offers clarity on the differences, advantages, and considerations of each

If you have a mortgage, think of Scotia Bank Mortgage Insurance as a safety net for your home. It's straightforward: this insurance helps cover your mortgage payments if life throws you a curveball, like a serious illness, losing your job, or

The province of Ontario is renowned for its attractive real estate market, with particular attention given to the city of Toronto. Recently, a new price record was set for a square foot in Toronto, at $1,400. In light of this significant development, our intention is to conduct a comprehensive

This short guide clarifies whether mortgage life insurance is mandatory and explains what it costs and whether it is worth buying.

This introduction explains the difference between mortgage life insurance and life insurance.

Protect your ability to pay your mortgage. Compare the top mortgage life insurance providers in Canada. Get quick, anonymous quotes.