Securing Your Home: The MRTA vs. MLTA Dilemma Deciding between MRTA (Mortgage Reducing Term Assurance) and MLTA (Mortgage Level Term Assurance) is a common hurdle for new homeowners. While both aim to provide protection, they function in fundamentally different ways that can impact your family’s financial future. What is MRTA? Mortgage Reducing Term Assurance (MRTA)