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Why is Mortgage Insurance Frequently Denied?

Why is Mortgage Insurance Frequently Denied?

Remember the day that you signed off on your mortgage papers at the bank? You were probably overjoyed with the purchase of your new home and ready to start choosing paint colours and fabrics. That was likely the same day that the bank associate assisting you recommended you purchase mortgage insurance. They may have explained that the purpose of mortgage insurance is to protect you and your family by paying off the remainder of your mortgage with monthly payments or one lump sum payment in case of illness, injury or death. If you accepted, the bank associate likely asked...