Mortgage Insurance

[MrQuotes]

Hi guys,

If anyone need a quote on your mortgage, feel free to pm me with your details such as mortgage loan amount, interest rate and loan tenure.

I believed my quotes are quite competitive in the market so even if you currently have one, let me know and i see if i can do cheaper.

Please protect your home as children and spouse still need something over their head if something untoward happen to you.

[Clearvision]

On Mortgage Insurance.
Just curious after reading an article several months ago, about a rich asian guy that bought a Castle for many millions and crash his helicopter while viewing his newly purchased Castle.

Several questions came to mind, perhaps you can englighten us basing on Spore context:
1) Can a Mortgage Insurance (MI) be purchase at time of purchasing of a new private propery?
2)The same day the S&P of the new propert signed and with MI kicks in? Say 20 % down payment.
3) Can the MI be purchase based on 100% of the value of the property?
or just based on the drawn down as it goes along.


Any comments appreciated. Thanks