How mortgage protection insurance works, what it costs, and when it’s actually useful in a financial plan.

Mortgage life insurance, also known as mortgage protection insurance (MPI), is designed to pay off your mortgage when you die. Some MPI policies also offer coverage for a limited time if you lose your ...

In a perfect world, all homebuyers would have the cash to pay at least 20% down on their home purchases. In the real world, it can be tough to scrape together a fraction of that amount. Mortgage ...

MPI can keep your home from falling into foreclosure if you die, but it may not be the best option for everyone. Many or all of the products on this page are from partners who compensate us when you ...

Homeowners insurance mainly protects the borrower’s investment in their home, while mortgage insurance financially protects the lender’s investment in your home. Mortgage insurance, also known as ...

When purchasing a home with a conventional loan, you might be required to pay for private mortgage insurance (PMI). This is generally the case if your down payment doesn’t meet a certain threshold of ...

Buying a home is a substantial financial investment, especially since most home buyers need to take out a home mortgage that will take 15 to 30 years to pay off. However, it's also a significant ...