by Cain Daniel | Mar 25, 2015 | Becoming a Mortgage Broker, Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
What is Mortgage Default Insurance? Mortgage default insurance is an insurance policy between the insurer and the lender that will compensate the lender for losses suffered on an insured loan. It’s important to note that mortgage default insurance does not...
by Cain Daniel | Feb 27, 2015 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Mortgage Insurance vs Life Insurance There are two types of mortgage insurance (not default insurance; that compensates the lender on the borrower’s default). The first is typically a life insurance policy provided to a borrower by an institutional lender. ...
