A home loan insurance has limited cover but a term plan offers protection for a wider range of debt obligations
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The real estate market is witnessing a rebound in demand after two years of the covid pandemic, with many consumers looking to buy their dream home now. Some are even searching for larger houses to accommodate a work-from-home routine. Are you one of those wanting to buy a house and if so will you be opting for a home loan? In case it is the latter, the next question that needs to be addressed is: Will you be buying a home loan insurance or a term loan to protect you from any unforeseen financial liability.