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If you are unsure how long you will be in Golden, a fixed-rate mortgage, usually in terms of 15 or 30 years, can be a safer, albeit sometimes more expensive, bet.

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The mortgage industry can be separated by two basic segments, the prime and sub-prime.

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Benefits Of Mortgage Life Insurance
With critical Illness benefit a mortgage life insurance policy pays out either on death or on the diagnosis of a specified critical illness (such as certain cancers, triple artery bypass) - whichever occurs first. Check with your chosen insurance provider as to what illnesses are covered, as they can vary from insurer to insurer. If the policy is paid out before the end of the policy term, it ceases. And if the policy is in force at the end of the term, it will have no cash in value.

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