Did you know there is a difference between Private Mortgage Insurance (PMI) and Mortgage Protection Insurance? That’s right. Private Mortgage Insurance (PMI) is placed on a loan when the mortgage amount is more than 80% of the value of the home. PMI actually protects the lender in the case the borrower can’t make the payments. You get absolutely nothing out of it, except the bill.
Mortgage Protection Insurance is actually a very smart way to safeguard one of your most important assets. Creating a simple and affordable Mortgage Protection Plan can protect a family when unexpected events occur that threaten the families ability to make their mortgage payments on time.
Check out the video below:
If you would like more information on creating a Mortgage Protection Plan for your family, just click the “Let’s Chat” link below for short, no-obligation conversation, or click on the “Event” link below to register for one of our workshops.
There is nothing better than being prepared when life suddenly knocks you down.