Canadians owe over $2 trillion in household debt, according to the Bank of Canada, with over 65% being mortgage debt.  As a mortgage is usually the largest liability for most individuals/families it is important to plan ahead on how to manage this debt.  Mortgage insurance is one of the options homeowners have.  It works by paying off the outstanding principal balance of your mortgage (or a lesser amount if you choose) should you pass away.  Mortgage insurance can also cover you for a period of  time should you become disabled or suffer a period of time off work.  While mortgage insurance is often purchased at the same time that you secure your mortgage, we offer a range mortgage insurance products that are avaiable at any time.

Outline Financial can lay out your options when it comes to protecting your mortgage as there is a wide range of pros and cons to various mortgage insurance options. We take the time to explain all your options so that you can make an informed decision that fits your life and goals. We can walk you through the process giving you the peace of mind that your debt will be covered in the event of your passing, and your family can rest assured knowing they can continue to create memories in the home they love.