Back to Blog
14 Feb

The role of the insurer in a mortgage

General

Posted by:

DLC BLOG

The role of the insurer in a mortgage
The role of the insurer in a mortgageAny time a down payment for the mortgage is less than 20%, it is required that the mortgage must be insured thru an Insurer. Why does this mortgage need to be insured, who provides this type of insurance, what does this insurance mean, who is the beneficiary, how much does this insurance cost? All these questions need to be addressed when your down payment is less than 20%.
To start, we need to know certain terms.

                                                CLICK HERE TO READ MORE