Mortgage Insurance

Property investments such as housing are often one’s most valuable assets. Statistics Canada shows that a large portion of Canadians’ debt includes their Mortgage debt. Mortgage insurance is used to protect your loved ones from carrying on the debt of your outstanding mortgage after your passing. Mortgage insurance often covers a certain portion or percentage of the mortgage principal. This is often a valuable financial protection to hold given that your family is not able to maintain their mortgage payment without your financial support. If this option hasn’t been offered to you by the financial institution upholding your mortgage, Insurance with Ajay can further advise you on your mortgage insurance options.