Mortgage Insurance? Let's review the right choice to protect your family and your home

Feb 22, 2021 | Stephanie Woo


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When buying a new home or property, sometimes it gets overwhelming with all the decisions you need to make and so many documents you've signed that you may want to review things once the dust settles.  Mortgage insurance, for example.  Is that really the right insurance protection for your family and your home?  You have insured your lender will receive their money back, but what does your family receive?  As you pay down your mortgage, your mortgage insurance premiums do not go down.  Is there a better option for your hard earned funds?  Let's review.

As every individual, family and corporate structure has their own unique circumstances, reach out to Stephanie Woo at 604.257.3234 or stephanie.woo@rbc.com and she can review what you currently have and also look at other insurance solutions from Canada's largest insurance providers, not just RBC, under RBC Wealth Management Financial Services Inc., a subsidiary of RBC Dominion Securities Inc.