Kamis, 05 November 2009

Do you have to get mortgage insurance when buying a house. not house insurance, mortgage insurance?

ask: "Do you have to get mortgage insurance when buying a house. not house insurance, mortgage insurance?"
isn't mortgage insurance for if you die, the loan will be paid off? if so wouldn't life insurance do the same, so why is mortgage insurance needed. Must you have it or is it just a option?
Please respon to "Do you have to get mortgage insurance when buying a house. not house insurance, mortgage insurance?" question

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