Friday Mortgage Round Up: June 8th, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up: June 8th, 2012

The turbulent month of May has passed, and it’s onward to June! With 5 Year and 10 Year Fixed Rates hitting all time lows, many consumers are considering a longer than usual term – and they’re giving 10 Year rates a second glance. But what implications does this hold for those who may need to break their mortgage? We look at the pros and cons of making a long term mortgage commitment. Continue reading »

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. Continue reading »