A mortgage is actually a long-term economic responsibility you to definitely a borrower must pay-off contained in this the loan several months. If for example the borrower is not able to pay EMIs because of unanticipated things particularly death, accident, otherwise work loss, financial insurance gets in the picture. Put another way, mortgage insurance coverage or home loan insurance rates covers the brand new debtor and you may ensures home loan repayment. (más…)

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