What is mortgage insurance loan and why do I have to pay it?

Many homeowners loan feel mortgage insurance is imposed on them by banks for no reason and they don't benefit from it in any way. The reality is that without mortgage insurance, loan many of those same people would not be homeowners.

I feel it is important to note that this post is not loan about homeowner's insurance, which is required on all mortgaged properties and protects the home and its contents against loss loan