Comparing individual policy coverage to group lender-provided plans
When securing a mortgage protection plan, real estate investors must choose between an individual policy they own privately and a group plan provided directly by the lending institution. Group lender-provided plans are often presented as a convenient, click-to-accept option during the mortgage closing process. However, these group policies are typically tied directly to the specific loan and the lending institution. If you decide to refinance the property to pull out equity or secure a better interest rate, a group lender