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 ...

When you’re shopping around for a new home, you’ll get offers for mortgage protection insurance. This type of life insurance is designed for homeowners, and at first look, this sort of coverage may ...

Mortgage insurance is an insurance policy that protects the mortgage lender in case you are unable to pay back your mortgage.

While most insurance is designed to protect your finances, mortgage insurance lowers risk to lenders. Mortgage insurance encourages lenders to approve borrowers who might not otherwise qualify. If the ...

Many potential homebuyers balk at the thought of putting down 20% of a home's purchase price to secure a mortgage. The good news is that you can get a mortgage with a much smaller down payment — but ...

Mortgage protection insurance pays your remaining mortgage balance if you die. Getting mortgage protection insurance can help protect your beneficiaries and dependents from the burden of having to ...

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 ...

Mortgage insurance is a fee you pay to your lender to cover risks associated with funding your loan. Different loan types have different kinds of mortgage insurance, which may require either upfront ...