Our Services
Mortgage Insurance
Keep your family in their home, no matter what life brings.
What is Mortgage Insurance?
Mortgage insurance ensures your home loan is paid off if you pass away, become critically ill, or are unable to work. Unlike bank-offered mortgage insurance, an independent policy gives you more control, better rates, and coverage that travels with you — not tied to a specific lender.
Key Benefits
- Pays off your mortgage balance on death or disability
- Portable — not tied to your lender, moves with you
- Beneficiary receives the payment, not the bank
- Coverage amount does not decrease as you pay down mortgage
- Can be combined with life or critical illness coverage
- Often more affordable than bank-offered mortgage insurance
- Protects your family from forced home sales
- Available for first-time buyers and renewals
Why Do You Need It?
Your home is likely your most valuable asset. If something happened to you today, would your family be able to keep it? A mortgage is typically a 25–30 year commitment. Independent mortgage insurance ensures your family never faces the difficult choice of selling their home during an already devastating time.
Frequently Asked Questions
Is mortgage insurance from my bank the same as independent mortgage insurance?
No — bank mortgage insurance pays the lender directly, and coverage decreases as you pay down your mortgage while premiums stay the same. Independent insurance pays your beneficiary, and you control the coverage amount.
What happens if I switch lenders or renew my mortgage?
With bank mortgage insurance, you typically lose coverage when you switch. With an independent policy, your coverage continues regardless of which lender you use.
Do I need mortgage insurance if I already have life insurance?
Your existing life insurance may already cover your mortgage. Tushar will review your current coverage and advise whether you have adequate protection or need additional coverage.
Can I get mortgage insurance if I have pre-existing health conditions?
Yes, in many cases. Independent advisors have access to a wider range of underwriting options than banks, making it more likely to find coverage for people with health conditions.
Book a Free Consultation
Speak with Tushar Patel today for personalized, no-obligation advice.
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