Tuesday, April 20, 2010
What is Mortgage Protection?
Mortgage insurance is protection to ensure that your family will never lose their home, even in the event of a tragedy. If you die, the insurance will pay off your mortgage. And, if you are hospitalized because of an illness or disability, mortgage insurance can make your monthly house payment for up to two years. Even if you refinance, your coverage stays in place. With a mortgage protection plan, your family's future is secure.
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2 comments:
What if i loose my job, will it cover that?
These programs will waive the premium payments on the coverage if you lose your job. This gives you the comfort of knowing you still have coverage in place even though you are unemployed. THere is nothing that will pay your mortgage if you lose your job.
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