When you’re approved for a mortgage in Newfoundland & Labrador, you have the opportunity to purchase mortgage insurance from your lender. However, you’re not obligated to buy the lender’s mortgage insurance. At the beginning, or at any point during your mortgage term, you’re free to make a better choice for your family’s financial security.
Steers Mortgage Insurance is designed to protect the homeowner. When you choose mortgage insurance through Steers, your premiums and benefits are guaranteed. You choose your beneficiary and you own your policy, which is underwritten upon purchase, so your benefits are guaranteed.
Plus, you choose your coverage amount, regardless of your mortgage balance. If at any point you change mortgage providers, you won’t have to re-qualify for mortgage insurance. And we offer flexible 15, 20, and 25 year terms.
Protect Your Mortgage
We also have many options available for Home Insurance.