Mortgaging
one’s house for a loan is a major and long-term commitment. Mortgage
payments typically continue over several years, and one can never
predict fluctuations in the borrower’s ability to repay at the moment of
taking out a mortgage. Hence, the borrower may have to purchase
mortgage insurance to protect against the risk of future non-payment of
dues because of financial difficulties due to sickness, disability or
unemployment
http://www.myallagents.com/What-is-mortgage-insurance/details.html.
http://www.myallagents.com/What-is-mortgage-insurance/details.html.
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