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Do You Need Mortgage Protection
If you have a mortgage on your home, you may have received several offers from insurance companies that sell coverage to pay off your mortgage in the event you die unexpectedly. Although insurance in general is a good idea, mortgage insurance is usually a poor value in most cases.
If you read the large print, it appears that the policy will protect your family if you die before your mortgage is paid off. All you have to do is fill out the paperwork, have a physical exam, and pay a little more each month. The fine print, however, may limit the coverage relating to accidental death. If there are two people on the deed of trust, the policy may pay only half if one of them dies.
When considering mortgage insurance, call a good insurance agent before you send in your forms. Insurance experts usually advise against separate policies to cover various contingencies. A regular term life insurance policy equal to the amount of your mortgage will probably offer you a lot more coverage for your money.
Do These Real Estate Tips Really Apply to YOU?
I've learned these tips through years of experience as a top Realtor. But I know that YOUR situation might be different. That's why I'm here. It's my job to personally advise homebuyers and sellers. Ask me if any tip that I've included here really applies to your situation. If you have any questions about these tips - or other tips you may have heard elsewhere - ask me! I'll respond quickly, for free and without obligation.
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Real Estate Internet
Warning:
Despite advertising claims to the contrary, the Internet is not
an experienced Real Estate Professional. It cannot consult, counsel, advise,
and have knowledge of local laws and market conditions, make judgments, "own"
the result, or most importantly, understand your individual goals and needs and
care about you as a Client. To obtain an accurate interpretation of any
information you're receiving online.
Please contact me at
360-770-4454 |
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Why choose an agent that is an
e-PRO?
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- NUMBER1EXPERT™ 
