Mortgage insurance is a very important part of home ownership. There are some key differences between having your insurance through a financial institution compared to a personally owned insurance product.
You should take the time to understand some of the nuances with obtaining insurance through a personally owned policy or a lender. Here is a chart that outlines some of the differences between the two:
CBC Marketplace did a show outlining the challenges that may arise from taking insurance out through your financial institution. Below is a short video outlining some of the differences. If you would like to see the full show, please click here
*Insurance based investment solutions are provided through Affinity Financial Group. All other investment solutions are through Affinity Securities / Worldsource Securities Inc.