Choosing the Right Mortgage Insurance: MLTA vs. MRTA
Choosing the Right Mortgage Insurance: MLTA vs. MRTA Read More »
MLTA
MLTA stands for Mortgage Level Term Assurance. It is a type of insurance policy designed to cover the outstanding balance of a mortgage in the event of the policyholder’s death, disability, or critical illness. The coverage typically decreases over time, aligning with the decreasing mortgage balance, ensuring that the mortgage is fully paid off if something happens to the insured person.