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 ...

Meredith Dietz is Lifehacker’s Senior Staff Writer. She earned her bachelor’s degree in English and Communications from Northeastern University, where she graduated as valedictorian of her college.

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

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 ...

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 ...

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 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 ...

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 ...