Bank Mortgage Insurance Versus Life Insurance: Pros and Cons

Bank Mortgage Insurance Versus Life Insurance: Pros and Cons

There’s no doubt, your home is likely the largest purchase you’ll ever make. If you arrange your mortgage through the bank, it is their responsibility to ask you if you want to insure your mortgage through them. While it’s easy to say yes, it’s a good idea to explore your options thoroughly first. Mortgage insurance is a good idea for some, but there could be a better option – life insurance. Let’s look at each closely and compare them for their drawbacks and their benefits.
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Mortgage Fraud Alert

Mortgage Fraud Alert

We cover fraud from time to time on Ratesupermarket, and for a good reason. It’s all over the place, and your money and personal information are at increasing risk. Why? Because all it takes to rip someone off these days is a computer, Wifi, and a remotely clever idea. In the financial sector alone, fraud incidents are worth $650 million a year in Canada. Of that, mortgage fraud makes up $400 million.
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Estate Planning

Estate Planning

Most people assume that estate planning is for the elderly, and for most people, it is. That is, your estate won’t be settled until after you pass, and most people’s lives tend to expire later on in life. But sadly, this isn’t the case for everyone. Some of us die long before our time, or become too ill to function. If you’re not prepared ahead of time, then you’ll have no control over where your assets go.

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MORTGAGE OUTLOOK PANEL

Want to know what the outlook is on mortgage rates for the next 30 to 40 days? Our panel of mortgage experts share their views on Canadian Mortgage Rate Trends.

Panel Consensus
May 2012

Fixed Mortgage Rates
Unchanged
Variable Mortgage Rates
Unchanged
Mortgage Rate Outlook Panel
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