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Why you need Mortgage Protection Insurance

Why you need Mortgage Protection Insurance

This is a discussion on Why you need Mortgage Protection Insurance within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; I wanted to protect my family and that is why my husband and I decided we needed mortgage protection insurance. ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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09-28-2008, 08:30 PM

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Why you need Mortgage Protection Insurance

I wanted to protect my family and that is why my husband and I decided we needed mortgage protection insurance. Since we don’t know what will happen in the future we wanted to protect ourselves. We did plenty of research and found a ...

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