B
Babstar
Guest
Hi,
I am hoping someone can help with with a question which has probably been asked before. My husband and I are in the process of purchasing our first home. Our mortgage broker also looks after the insurance but I am just not sured that I am being offered the best rate. we feel a bit pushed in making this decision as we've been told that we will not get the loan if this is not in place.
When must one have the insurance in place?
Also there seems to be conflicting opinions as to whether a mortgage protection will suffice to close a loan deal or if life insurance is needed.
can anyone shed any light on this at all?
Thanks, Barbara
I am hoping someone can help with with a question which has probably been asked before. My husband and I are in the process of purchasing our first home. Our mortgage broker also looks after the insurance but I am just not sured that I am being offered the best rate. we feel a bit pushed in making this decision as we've been told that we will not get the loan if this is not in place.
When must one have the insurance in place?
Also there seems to be conflicting opinions as to whether a mortgage protection will suffice to close a loan deal or if life insurance is needed.
can anyone shed any light on this at all?
Thanks, Barbara