WHAT IS (NOT) MORTGAGE INSURANCE.

As in learning how to drive one needs to learn first how to use the brake, in order to understand the meaning of ‘mortgage insurance’ it should be mentioned first what it is not. It is not the insurance that a home owner takes for the protection of house or any other damage.  The Mortgage Insurance is actually NOT for the homeowners, it IS for the lenders or the investors that provide the loan amount beyond the 20% down payment that the buyer arranges at the time of buying the house.

Why Mortgage Insurance?
In Canada without the guaranty that it provides the buyers would always have to arrange that 20% as down payment. However, it is not the case here. Because of the assistance provided by the Canada Mortgage and Housing Corporation (CMHC) the consumers, the first-time buyers in particular, can become the owner of a house by putting a down payment  of as low as 5%.
 

Insurance for Mortgage vs Mortgage Insurance

We have learnt about Mortgage Insurance. Now when we will understand what Insurance for Mortgage is we will know the difference between the two. The insurance for mortgage or mortgage life insurance is the insurance policy that is purchased by the home owner to ensure that the mortgage payments for the house (where his or her loved ones will continue to live) are secured in case of death of the principal mortgage holder.  

TRUSTED DENTAL INSURANCE

Very old proverb: It is only the wearer knows where the nail pinches in the shoe. When it comes to Dental Insurance the same principle applies. How? Because until one is struck with an enormous bill for the root canal or any filling or sudden need to extract a tooth the problem remains to be for somebody else! But when you need to fix all or any of the above kind of dental problem your situation is now real! And no matter what financial situation you have you quickly want to look for a representative who deals with dental insurance. I can promise the bills are going to be huge! The Dentists are in the business to making money, not charity!

Finding a dentist who is honest and to find an insurance agent who is honest as well will no doubt be a real challenge!

How to find a trusted insurance agent?

I do not think there is any way one can find out about a trusted insurance agent except the personal reference or word of mouth. In the present day of Internet and cyber search it is quite easy to find names and addresses of both dentists (who are in the business of selling smiles!) and the dental insurance agents (who are in the business of selling pieces of peace of mind). So, myself as a consumer, I can suggest that personal reference is the way to go to find an agent whom you can trust.

Way to get Cheap Dental Insurance

Group power is the best. If you are employed enroll into the group insurance plan of the office right away. If you are self employed, find a group (prefessional, ameture, networking, or any other) and become a member to take the advantage.