Quote:
Originally Posted by MJK
I am also being offered life insurance and all that jazz with this as well. Do I want this through the RBC?
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No, no, no. Use personal-owned life and disability insurance instead. Do yourself a favour and look at this piece done by CBC Marketplace on mortgage insurance:
- http://www.cbc.ca/marketplace/in_denial/
If you want to save some time, my word for it: MOrtgage insurance is not good. Contact a good insurance broker for life and disability.
There has been some great advice here, but also some wrong info. Use a mortgage broker. Don't just walk into a bank. Congrats on the house; good decision.