Mortgage Indemnity Insurance is a guarantee policy usually required when taking out a mortgage. It provides a broader scope of insurance coverage at a cost that is reasonable and affordable, and acts as an extra security measure.
Mortgage Indemnity Insurance can also help minimise your down payment and increase the amount of financing you receive for your home. This can certainly make it more affordable for you to qualify for a mortgage.
This coverage is designed to adequately protect the interest of both parties.