mortgage protection
[ˈmɔːrɡɪdʒ prəˈtɛkʃən]
nounpl: mortgage protections
proteção hipotecária
1. Insurance coverage that protects a borrower's ability to pay their mortgage in case of death, disability, job loss, or other hardship
The bank offered mortgage protection as part of the loan package to ensure payments would be made if something happened to the homeowner.
O banco ofereceu proteção hipotecária como parte do pacote de empréstimo para garantir que os pagamentos fossem feitos se algo acontecesse com o proprietário.
2. Legislation or policies designed to safeguard homeowners' rights and prevent foreclosure
During the financial crisis, the government implemented mortgage protection measures to help struggling homeowners.
Durante a crise financeira, o governo implementou medidas de proteção hipotecária para ajudar os proprietários em dificuldades.
Mortgage protection is particularly important in both the USA and Brazil, where homeownership is a significant part of personal wealth building. In the USA, mortgage protection insurance is often mandatory for loans with down payments below 20%. In Brazil, mortgage protection has become increasingly relevant as more Brazilians access home financing through programs like the Minha Casa, Minha Vida initiative.
Related Idioms & Phrases
put a safety net under your mortgage
protect your home investment
safeguard your mortgage payments
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