If you hold (or are in negotiation for) a mortgage, most likely the lender has offered mortgage insurance.  The cost of this insurance is typically added to your regular mortgage payment.

 

Though often perceived that mortgage insurance must be included within the mortgage, this is not so.  Mortgage insurance is available independently. 

 

Consider independent mortgage protection to cover current AND future mortgage negotiations.    With your own established protection, the potential of future inability to qualify for insurance becomes a non-issue.  You avoid being limited to the rates of only one lender based on insurance qualification.

 

In having your own mortgage protection, you protect your chosen beneficiary instead of the lender, take charge of your own renewal terms, and decide whether your coverage will reduce as the mortgage balance reduces.

 

With several advantages to securing your own mortgage insurance, take steps NOW toward this flexible solution.