Judging from the current national regulations, there is no requirement for borrowers to purchase insurance when handling mortgages. However, in order to improve the security of loans, some banks often force borrowers to buy insurance.

Compulsory insurance is often a two-way insurance developed by life insurance companies. This kind of insurance will replace the borrower's repayment after the borrower loses the repayment ability. So this kind of mortgage insurance is still useful.

Solution:

1. Repeatedly consult the loan bank to try not to buy insurance;

2. Consult other local commercial banks and choose a bank that does not need to buy insurance for mortgage;

3. Report the overlord clause of the bank to the relevant departments, and strive not to buy insurance.

Generally speaking, mortgage loans are not compulsory to buy insurance. Compulsory insurance is a kind of "overlord clause"