Learn the differences between homeowners and mortgage insurance. Find out how each one protects your investment or lender and what they mean for your mortgage.

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 ...

Mortgage protection insurance can be an attractive option for homeowners looking to protect their investment and keep family members from financial troubles. This type of insurance policy covers your ...

Not to be confused with private mortgage insurance (PMI), mortgage protection insurance (MPI) helps cover your mortgage payment if you die or become disabled and can't work. MPI is similar to life ...

Buying a home for the first time is confusing, especially when you’re trying to understand the extensive home-buying lingo. When it comes to determining the type of insurance you need, don’t confuse ...

Mortgage insurance premiums (MIPs) are a type of insurance paid to the Federal Housing Administration (FHA) for certain mortgage loans. If you can buy a home with a Federal Housing Administration (FHA ...

Home insurance isn’t required by law, but it may be required by your mortgage lender. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you ...

That’s why it’s critical to understand your documentation and know how much each monthly mortgage payment is impacting your ...

Mortgage insurance allows homebuyers to purchase homes with down payments of less than 20%. This credit enhancement tool involves paying an additional charge with your mortgage to protect the lender ...