​Purchasing a new house is a big milestone in one’s life; it’s also expensive. Good thing mortgages are accessible and available, and alongside this is mortgage insurance which UG Insurance Brokerage Inc provides. 

However, existing myths online probably make it hard for you to understand mortgage protection completely. So, get your facts straight, as this article debunks the most common mortgage insurance myths. 

​The down payment is unquestionably one of the most significant costs when purchasing a property.

And while you're normally required to put down 20% on a property, paying the full price isn't always attainable for many. Buyers can still acquire a property in this case, but their lender may ask them to obtain private mortgage insurance.

Because of the Consolidated Appropriations Act of 2020, the part of your monthly mortgage payment that pays Private Mortgage Insurance (PMI) or Mortgage Insurance Premiums (MIP) may become deductible. 

Property purchasers with less than 20% equity pay PMI, and the monthly premium may range between $30 and $70 for every $100,000 loan. Previously, taxpayers may deduct PMI, and the Consolidated Appropriations Act extended the deduction through 2020 and 2021.

​Mortgage protection insurance pays for your loan if you suddenly pass away. It is a type of life insurance. Mortgage insurance can spare your family from the hardship of paying the mortgage with one income after your passing.

Would you like to have the ultimate protection when it comes to Mortgage Insurance policies? These next few paragraphs will have the information that you need. All you have to do is to read it to learn more.
​
One thing you need to do is make sure that you read up on mortgage protection insurance. This way, you will have a better understanding of what the policy is all about.

Suppose you got a mortgage on the house and your family relies on you to pay all the expenses. If that case happens, you may consider obtaining a mortgage protection policy. It is primarily intended to pay off debts in the case of your passing. That allows your dependents to continue living on the property. 
​
Mortgage protection insurance plans work with life or disability insurance policies. Its monthly premium is determined by the amount of the property, your age, and your condition. Generally, MPI plans cover the principal and interest component of a mortgage payment.

If you can spend minutes, even hours, mindlessly on social media, you might as well try to learn something new. Preferably, go for something that can help you in the long run, such as insurance. In minutes, you can find out more about mortgage protection insurance than your ex-friend’s neighbor’s cousin.
​
Here’s a five-minute guide to mortgage protection insurance:

Just like other types of insurance, mortgage protection insurance also protects your finances. If you haven’t heard of it, now’s the perfect time to get yourself acquainted. 
​
Here are some of the things you need to know about mortgage protection insurance.

Investing in properties is very beneficial, which is why many people make this trade. With the right asset in hand, you can earn a lot of money and other benefits you can't get anywhere. However, like other investments, you must do study and research this trade. After all, you surely don't want to lose your hard-earned money.
​
To help you navigate through this industry, here are some tips to aid you. Read on.

Many Americans consider owning a home is a vital piece of the so-called American dream. A 2019 study revealed that getting a house is a top priority for most Americans rather than retirement and having a successful career.
​
Therefore, getting your own house is an aspiration common to the majority of the people. They are working hard to buy a property that they can call their own home. A place that can provide a roof over their heads that can keep them warm and comfortable.

​The Covid-19 pandemic has placed an end not only to the lives of many but also to businesses and employment. Liabilities such as loans and mortgages continue to rise despite the halt in economic activities. The death of a loved one, especially the breadwinner who pays the bills, makes the situation worse. Obtaining mortgage protection insurance offers help to insured people in times of crisis like this.