Your home is a major investment, and you can protect that investment with home insurance. But if you pass away and your beneficiaries can't pay your mortgage, your home could be sold or foreclosed on.
When you buy a home, you’re probably going to encounter some unfamiliar and potentially confusing acronyms such as PMI, MIP, and MPI. The last of these, MPI, stands for mortgage protection insurance, ...
Not to be confused with private mortgage insurance (PMI), mortgage protection insurance (MPI) helps cover your mortgage payment if you die or become disabled and can't work. MPI is similar to life ...
Mortgage life insurance, also known as mortgage protection insurance (MPI), is designed to pay off your mortgage when you die. Some MPI policies also offer coverage for a limited time if you lose your ...
Mortgage protection insurance can be an attractive option for homeowners looking to protect their investment and keep family members from financial troubles. This type of insurance policy covers your ...
Buying a home is a substantial financial investment, especially since most home buyers need to take out a home mortgage that will take 15 to 30 years to pay off. However, it's also a significant ...
In a perfect world, all homebuyers would have the cash to pay at least 20% down on their home purchases. In the real world, it can be tough to scrape together a fraction of that amount. Mortgage ...
MPI can keep your home from falling into foreclosure if you die, but it may not be the best option for everyone. Many or all of the products on this page are from partners who compensate us when you ...
One of the biggest financial commitments you can make in life is the purchase of a home. But have you stopped to think about how your family could continue making mortgage payments if you or your ...