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Is Mortgage Repayment Insurance Worth the Cost?

Is Mortgage Repayment Insurance Worth the Cost?

This is a discussion on Is Mortgage Repayment Insurance Worth the Cost? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Mortgage repayment insurance is a type of insurance that will pay off your bmortgage/b should you die, become unemployed, or ...

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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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12-04-2008, 02:18 PM

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Is Mortgage Repayment Insurance Worth the Cost?

Mortgage repayment insurance is a type of insurance that will pay off your bmortgage/b should you die, become unemployed, or become disabled. This type of insurance is a combination of life insurance, unemployment insurance, and disability b.../b

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