Home Loan Insurance - Which one is best and cheapest?

[oliviaskye]

Mortgage insurance (also known as mortgage guaranty) is an insurance policy which compensates lenders or investors for losses due to the default. Mortgage insurance can be either public or private depending upon the insurer. The policy is also known as a mortgage indemnity guarantee, particularly in the UK.

[collen]

I would generally go for mortgage insurance as it protect the lender's capital and it covers on a long term basis.