Comments on: Mortgage Insurance vs. Life Insurance http://www.foximus.com/mortgage-insurance-vs-life-insurance/ Save money with our frugal living tips Tue, 06 Jan 2009 21:51:56 +0000 http://wordpress.org/?v=2.5.1 By: linda http://www.foximus.com/mortgage-insurance-vs-life-insurance/#comment-10908 linda Wed, 20 Aug 2008 22:36:13 +0000 http://www.foximus.com/mortgage-insurance-vs-life-insurance/#comment-10908 When we first purchased our house approx. 8 years ago, I believe we signed up for mortgage insurance. However, since then, we have refinance our home a couple of times. I don't believe we have any paperwork to back up and/or confirm that we have mortgage insurance. Is there some way to get this information? I cannot even recall who our original mortgage company was when we did this. Please advise. When we first purchased our house approx. 8 years ago, I believe we signed up for mortgage insurance. However, since then, we have refinance our home a couple of times. I don’t believe we have any paperwork to back up and/or confirm that we have mortgage insurance. Is there some way to get this information? I cannot even recall who our original mortgage company was when we did this. Please advise.

]]> By: Ed Harris http://www.foximus.com/mortgage-insurance-vs-life-insurance/#comment-10564 Ed Harris Sat, 26 Jul 2008 00:26:08 +0000 http://www.foximus.com/mortgage-insurance-vs-life-insurance/#comment-10564 As a Financial Planner with more than 27 years of experience, your best bet may be a level-term policy. Often, the beneficiary on a mortgage life policy is the bank...not you. You may NOT want to pay off the loan, depending on current interest rates. Ed As a Financial Planner with more than 27 years of experience, your best bet may be a level-term policy. Often, the beneficiary on a mortgage life policy is the bank…not you.

You may NOT want to pay off the loan, depending on current interest rates.

Ed

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