I know there has to be a few people that know a heck of a lot more abotu this than me.
Would it be better to get mortgage insurance or life insurance? We bought a house a couple years ago, we are thinking about getting life insurance on the offchance one of us dies, the house would be paid for. If one of us died the other would not be able to afford the mortgage alone. We were looking at life insurance at $400,000 each and over 20 years we would be looking at approx $72 a month combined for the 2 of us. We could get it for 10 years for approx $54 combined but then if we wanted to get more ( which we really wouldnt need that much considering in 10 years the mortgage would be alot less) we could renew at like 150 or something ( I forget the exact number right now)