Visit http://www.infoprimes.com/mortgage-insurance and save on your mortgage insurance. 78.5% of people that complete a quote save money and the average savings in 44.5%. Visit: http://www.infoprimes.com/mortgage-insurance

Duration : 0:7:15

(more…)

Technorati Tags: Alberta, BC, Best, British, canada, canadian, Columbia, insurance, life, mortgage, Ontario, quote, quotes

What is the difference between mortgage insurance and individual life insurance?

Mortgage life is owned by the bank. It is put into place by the bank and is there to protect the banks balance sheet rather than your family. Each and every time you move or refinance your mortgage you must re-qualify medically for coverage and if you have had a change in health and now you don’t qualify, you are left without coverage. With individual life you own the policy and it follows you… not your mortgage.

With mortgage life if you do pass away, all the money goes directly to the bank not to your beneficiaries or loved ones as is the case with individual life.

With mortgage insurance the bank will get only the amount outstanding on the mortgage itself, whereas with individual life insurance the full amount of the initial insurance policy goes to YOUR beneficiaries… not just the amount left outstanding on the mortgage! Your beneficiaries can choose what to do with the money.

Lastly… individual life insurance is based on your health rather than a general health… therefore… it’s typically cheaper!

Another good piece of information is a documentary done on CBC Marketplace in 2008 called “In Denial.” The documentary shows the viewer how once you sign the paperwork to buy your house you are asked if you want to protect your new investment. If the answer is yes, and we suspect it would be, you are asked to sign here. You skim a solid page of small print and thinking you are healthy you sign on the dotted line. This documentary goes on to show how few people are paid out under these polices and some of the issues that can arise. (Check it out at http://www.cbc.ca/marketplace/in_denial/)

Duration : 0:4:35
<br /> (more…)

Technorati Tags: Abbotsford, BC, canada, creditor protection, Langley, Life Insurance, mortgage insurance, Surrey

COUNCIL YOU ABOUT CREDIT! EMortageShop.com council you about credit and guide you in the right direction for a home loan. They will explain what is going on in layman terms so that first time loaners will understand. These guys are wonderful. eMortgageshop.com is awesome. They got my loan approved. Keenan F.

I NOW KNOW!!! I read the book and the information from eMortgageShop.com was fantastic. While I have not had the opportunity to use any of your information, I now know about them. I looked back at the paperwork from my last mortgage and noticed the 2.5% that went to the broker, and know not to let that happen again. Torrey Tesch

VERY INFORMATIVE!!! I’m glad I found eMortgageShop.com. It is very informative and comprehensive with regards to the information for mortgage services. Barbara E.

Duration : 0:0:25

(more…)

Technorati Tags: Best, Boston, canada, credit, fixed, Lenders, mortgage, Rates, year

In Canada buying Mortgage Insurance through a bank could be the biggest mistake you ever make. Jack Moran of Assure-all.com explains.

Duration : 0:4:48

(more…)

Technorati Tags: broker, canada, insurance, mortgage