Lender's mortgage insurance explained: everything you need to know

❗ Have you ever thought about what happens to your mortgage after you’re gone? In Canada, property ownership type matters more than you think 🏠 👉 Sole Ownership – mortgage is paid through the will or by selling the property 👉 Joint Ownership – your spouse/partner continues the mortgage 👉 Co-Signer – the full responsibility shifts to the co-signer But here’s the important part 👇 If you have mortgage insurance or life insurance, the insurance company can clear the entire mortgage, protecting