Hi all,
Not sure if it is worded correctly, but I believe my mortgage specialist mentioned something about spousal insurance? i.e in case of death of your spouse?
From my understanding, if you have this spousal insurance, and something does happen to your better half, your mortgage is covered?
Your thoughts? Is this something that is normally purchased or waived by most home buyers? Is there similar type of insurance plans that can be purchased elsewhere?
cheers,
Not sure if it is worded correctly, but I believe my mortgage specialist mentioned something about spousal insurance? i.e in case of death of your spouse?
From my understanding, if you have this spousal insurance, and something does happen to your better half, your mortgage is covered?
Your thoughts? Is this something that is normally purchased or waived by most home buyers? Is there similar type of insurance plans that can be purchased elsewhere?
cheers,