What should I consider when buying a mortgage insurance plan for my home?

If you're purchasing mortgage insurance you'll want to consider the following:

  1. How much mortgage coverage do you need?
  2. How much will mortgage protection cost?
  3. How long will your mortgage life insurance last?
  4. Will the amount of insurance provided by your policy remain level throughout the life of the plan?
  5. Will your premiums ever increase during the life of your insurance policy?

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