What is need of Mortgage Insurance?
There is a financial insurance type that may protect both lenders and investors. Generally known as “Mortgage insurance”, this product is an insurance-policy that provides compensation for losses that are related to a mortgage loan’s default. Although it provides a comprehensive coverage, Mortgage Insurance is not so easily understandable, so a careful study is needed in order to comprehend it. This is even more urging if one intends to purchase such a policy.