Homebuyers can be safeguarded against defaulting on their debt by obtaining mortgage insurance. Mortgage insurance can be used to help pay for court and foreclosure fees, among other expenses. When a borrower has less than 20% equity in their home, mortgage insurance is usually required by the lender. There is a plethora of mortgage insurance providers in New Zealand. Businesses like this frequently partner with financial organizations like banks to offer this sort of protection to their customers. For More Info:- https://boldinsurance.co.nz/services/mortgage-broker/