For example, suppose you have a property that is worth $ 200,000 with a remaining mortgage balance of $ 100,000. (toptenreviews.com)
Mortgage life insurance, or mortgage protection insurance, refers to a set of life insurance products that are designed to pay your outstanding mortgage balance in the case you pass away. (valuepenguin.com)
To calculate your current loan - to - value ratio, divide your current mortgage balance by the approximate value of your home. (debtconsolidation.com)