Mortgage Life Insurance
Inexpensive insurance coverage on your life: it will pay off the outstanding mortgage
balance owing, to a limit, in the event of your death.
Portable
If you buy another home, you can take your Mortgage with you to help finance the next
property.
Assumable
If you sell your home, the purchaser may often assume your Mortgage. This may help make
your home more marketable, especially if your mortgage has a low interest rate.