Homeowners Insurance vs. Mortgage Insurance – What’s the difference?

Homeowners insurance and mortgage insurance are both types of insurance that can add to the cost of owning property, and you’re likely to encounter both during the mortgage process. However, that’s where the similarity between them ends. Here’s the basic difference. Homeowners insurance protects your home and its contents. Mortgage insurance (also called private mortgage insurance or PMI for… Continue reading Homeowners Insurance vs. Mortgage Insurance – What’s the difference?