Mortgage Insurance Resources

Here is a comprehensive list of resources to assist you in researching, shopping for and purchasing mortgage insurance.


Mortgage Insurance Definition

Learn about mortgage insurance, how it works and why it’s important for you, your family and your home. 

Wikipedia – Mortgage life insurance

MGIC – What is Mortgage Insurance?


What is a Mortgage Life Insurance Policy?

Mortgage life insurance is a type of insurance specifically designed to protect a repayment mortgage. If the policyholder were to die while the mortgage life insurance was "In Force", the policy would pay out a capital sum that will be just sufficient to repay the outstanding mortgage loan.

Mortgage life insurance is supposed to protect the borrower’s ability to repay the mortgage for the lifetime of the mortgage. This is in contrast to Private Mortgage Insurance, which is meant to protect the lender against the risk of default on the part of the borrower.


Types of Mortgage Life Insurance

Review and compare the benefits and drawbacks of the basic types of mortgage insurance policies. 

Zillow – Private Mortgage Insurance

Insurance Information Institute – Private Mortgage Insurance

Money Crashers  Mortgage Payment Protection Insurance

State Farm  Mortgage Protection Life Insurance

Bank Rate  Mortgage Life Insurance

NAA Life  Mortgage Disability Insurance

NAALife  Mortgage Protection Insurance

VA Benefits  Veteran’s Mortgage Life Insurance


Mortgage Insurance Quotes

Choose from the list of resources below to help you compare the best instant mortgage life insurance rate quotes among the leading mortgage insurance companies to help you save time and money finding a quality, affordable mortgage insurance policy. 


Top Pick – JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on mortgage life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable mortgage life insurance you need to protect your family and fit your budget. Compare the best mortgage life insurance rates for savings up to 73%. Get Your FREE Quote


Highly Recommended  Haven Life

  • Get up to $1,000,000 of affordable mortgage life insurance today
  • Apply online in under 20 minutes, start coverage today
  • Backed by MassMutual, rated A++ by AM Best


Haven Life uses the information provided in your application to make an instant decision on your application. Healthy, qualified applicants (based on the information provided in your life insurance application) can be insured immediately with no medical exam while other applicants can receive immediate coverage pending a medical exam.


Mortgage Insurance Articles

HSH – How Mortgage Insurance Works

Insurance.com – Is Mortgage Life Insurance Your Best Buy?

Protective – Pros and Cons of Mortgage Life Insurance

Investopedia – Why You Don’t Need Mortgage Protection Life Insurance

Nationwide – How Life Insurance Protects a Mortgage

 

Best Mortgage Insurance Companies

Review these resources that provide information and analysis of leading mortgage insurance carriers in America.

Consumer Affairs – Compare Reviews of Mortgage Companies 

Investment Advisor Tips – Top 10 Mortgage Insurance Companies 

NAALife – National Agents Alliance – Mortgage Protection

Genworth Financial – Mortgage Insurance

State Farm – Mortgage Life Insurance


Mortgage Insurance Company Financial Ratings

Learn about financial strength ratings, how they are determined, and why they are important to consider when choosing a mortgage insurance company.

AM Best Company  Financial Strength Ratings

Standard and Poor's – Insurance Financial Strength Ratings

Moody's – Insurance Ratings

Dun & Bradstreet – Financial Ratings

Fitch Ratings – Financial Strength Insurance Ratings


Mortgage Insurance Calculators

Review these helpful calculators that can assist you in deciding how much mortgage insurance you need.

MGIC – Mortgage Calculators

Know Your Options – Mortgage Calculator

Amortization Calc – Mortgage Amortization Calculator – Amortization Schedule Calculator

Allstate – Mortgage Payment Calculator

MGIC – Rent or Buy Calculator – Which is better for me: Renting or Buying?

MGIC – Down Payment Calculator – How much of a down payment should I make?

MGIC – Monthly Payments Calculator – How much will my monthly payments be?

Chase – Mortgage Calculator – Custom rate and payment calculator

Chase – How much can I afford? – affordability calculator 

Chase – How much is a house worth? – Home value estimator 

Chase – Should I pay mortgage points? – mortgage point calculator

Chase – Compare Loan Terms – 30 vs. 15 year mortgage calculator

Chase – Should I make extra payments? – Extra payments calculator

Chase – Should I refinance – Mortgage refinance calculator

 

Mortgage Insurance FAQs

FHB – Mortgage Insurance FAQs

Legal and General – Mortgage Life Insurance FAQs 

US Bank – Home Mortgage FAQS

 

Mortgage Insurance Blogs

True North Insurance and Financial Strategies – Private Mortgage Insurance Blog

FHA News – FHA News Blog

Mortgage News Daily – Mortgage Rates Blog

Total Mortgage – Total Mortgage Blog


Mortgage Insurance Videos

Investopedia – 6 Reasons to Avoid Private Mortgage Insurance

Wells Fargo – Videos to Help with Home Ownership Goals


Mortgage Loans

Wells Fargo – Mortgage Loans

JP Mortgage Chase – Mortgage Resources


Mortgage Insurance Departments of Insurance

Here is a list of the departments of insurance in every state in the U.S.A. They are responsible for oversight of insurance companies and licensing of insurance agents.

Alabama Department of Insurance: http://www.aldoi.gov

Alaska Department of Commerce, Community & Economic Development – Division of Insurance: https://www.commerce.alaska.gov/web/ins/

Arizona Department of Insurance: https://insurance.az.gov

Arkansas Insurance Department: http://www.insurance.arkansas.gov

California Department of Insurance – CDI: http://www.insurance.ca.gov

Colorado Department of Regulatory Agencies – Division of Insurance: https://www.colorado.gov/pacific/dora/division-insurance

Connecticut Insurance Department: http://www.ct.gov/cid/site/default.asp

Delaware Department of Insurance: http://www.delawareinsurance.gov

District of Columbia Department of Insurance, Securities and Banking: http://disb.dc.gov/page/insurance

Florida Department of Insurance Regulation: http://www.floir.com

Georgia Department of Insurance – Office of Insurance and Fire Safety Commissioner: https://www.oci.ga.gov/home.aspx

Hawaii Department of Commerce & Consumer Affairs – Insurance: http://cca.hawaii.gov/ins/

Idaho Department of Insurance: http://www.doi.idaho.gov

Illinois Department of Insurance: http://insurance.illinois.gov

Indiana Department of Insurance: http://www.in.gov/idoi/

Iowa Insurance Division: http://www.iid.state.ia.us

Kansas Insurance Department: http://www.ksinsurance.org

Kentucky Department of Insurance: http://insurance.ky.gov

Louisiana Department of Insurance: http://www.ldi.la.gov

Maine Department of Professional & Financial Regulation – Bureau of Insurance: http://www.maine.gov/pfr/insurance/

Maryland Insurance Administration: http://insurance.maryland.gov/Pages/default.aspx

Massachusetts Office of Consumer Affairs & Business Regulation – Division of Insurance: http://www.mass.gov/ocabr/government/oca-agencies/doi-lp/

Michigan Department of Insurance and Financial Services: http://www.michigan.gov/difs/

Minnesota Department of Commerce – Insurance Division: http://mn.gov/commerce/industries/insurance/

Mississippi Insurance Department: http://www.mid.ms.gov

Missouri Department of Insurance: https://insurance.mo.gov

Montana Commissioner of Securities & Insurance: http://csimt.gov

Nebraska Department of Insurance: https://doi.nebraska.gov

Nevada Department of Business and Industry – Division of Insurance: http://doi.nv.gov

New Hampshire Insurance Department: http://www.nh.gov/insurance/

New Jersey Department of Banking & Insurance: http://www.state.nj.us/dobi/index.html

New Mexico Department of Insurance: http://www.osi.state.nm.us

New York Department of Financial Services – Insurance: http://www.dfs.ny.gov/insurance/dfs_insurance.htm

North Carolina Department of Insurance: http://www.ncdoi.com

North Dakota Insurance Department: https://www.nd.gov/ndins/

Ohio Department of Insurance: https://www.insurance.ohio.gov/Pages/default.aspx

Oklahoma Insurance Department: https://www.ok.gov/oid/

Oregon Department of Consumer and Business Services – Insurance: http://dfr.oregon.gov/Pages/index.aspx

Pennsylvania Insurance Department: http://www.insurance.pa.gov/Pages/default.aspx

Rhode Island Department of Business Regulation – Insurance: http://www.dbr.state.ri.us/divisions/insurance/

South Carolina Department of Insurance: http://www.doi.sc.gov

South Dakota Department of Labor and Regulation – Division of Insurance: http://dlr.sd.gov/insurance/

Tennessee Department of Commerce & Insurance: https://www.tn.gov/commerce/section/insurance

Texas Department of Insurance: http://www.tdi.texas.gov

Utah Insurance Department: https://insurance.utah.gov

Vermont Department of Financial Regulation – Insurance Division: http://www.dfr.vermont.gov/insurance/insurance-division

Virginia – State Corporation Commission – Bureau of Insurance: http://www.scc.virginia.gov/boi/index.aspx

Washington State Office of The Insurance Commissioner: https://www.insurance.wa.gov

West Virginia Office of the Insurance Commissioner: http://www.wvinsurance.gov

Wisconsin Office of the Commissioner of Insurance: https://oci.wi.gov/Pages/Homepage.aspx

Wyoming Department of Insurance: http://doi.wyo.gov


Mortgage Insurance Facts and Reports

Insurance Information Institute – Mortgage Insurance Facts

Wallet Hub – 2016 Mortgage Insurance Report: FHA vs PMI


Mortgage Life Insurance Tools and Resources

USA Mortgages – Mortgages

MGIC Home Buyer's – Mortgage Frequently Asked Questions

MGIC Home Buyers – Mortgage Glossary

FHA – Federal Housing Administration – Mortgage Insurance Programs

Fannie Mae – Single Family Mortgage

Freddie Mac – Mortgage Loans

HARP – Mortgage Program


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