What is the Difference Between Private Mortgage Insurance and Mortgage Protection Insurance?

When you set out to get a mortgage of your very own, you’re likely to be bombarded with a slew of legal jargon, confusing terms, and an onslaught of numerical figures. Among the sometimes-confusing information that will be presented to you is your option to purchase one of two different insurance policies: Mortgage protection insurance (MPI) Private mortgage insurance (PMI) At the surface, these two terms seem like they should be interchangeable. But they couldn’t be any more different. In the article below, we’ll explain the differences between mortgage protection insurance and private mortgage insurance. What is Mortgage Protection Insurance?