Not to be confused with private mortgage insurance (PMI), mortgage protection insurance (MPI) helps cover your mortgage payment if you die or become disabled and can't work. MPI is similar to life ...

How mortgage protection insurance works, what it costs, and when it’s actually useful in a financial plan.

When you buy a home, you’re probably going to encounter some unfamiliar and potentially confusing acronyms such as PMI, MIP, and MPI. The last of these, MPI, stands for mortgage protection insurance, ...

Mortgage protection insurance can be an attractive option for homeowners looking to protect their investment and keep family members from financial troubles. This type of insurance policy covers your ...

Learn the differences between homeowners and mortgage insurance. Find out how each one protects your investment or lender and what they mean for your mortgage.

Mortgage life insurance, also known as mortgage protection insurance (MPI), is designed to pay off your mortgage when you die. Some MPI policies also offer coverage for a limited time if you lose your ...

Buying a home is a substantial financial investment, especially since most home buyers need to take out a home mortgage that will take 15 to 30 years to pay off. However, it's also a significant ...

When a homeowner passes away before fully paying off their mortgage, the future of the home and the financial obligations tied to it can become a source of uncertainty for the surviving family members ...

The time had finally arrived—my husband and I had saved enough for a home down payment and we were off to the bank to get approved for our first mortgage. Talking to the loan officer we discussed term ...

Meredith Dietz is Lifehacker’s Senior Staff Writer. She earned her bachelor’s degree in English and Communications from Northeastern University, where she graduated as valedictorian of her college.