Posts Tagged Conditions

Job-Loss Mortgage Insurance: Terms, Conditions, Eligibility — Part 2!

Friday, July 24th, 2009

Job-Loss Mortgage InsuranceNow that you know exactly what job-loss mortgage insurance is, it is time now to consider some of the issues that are affiliated with this type of insurance.  Some of them are going to include variations of this policy.  Premiums, terms, benefits and limits are all things that you need to consider.  This is why you want to make sure that you truly do shop around and evaluate your debt and income.  That way you can make sure that you know which policy that you want to go with.

Next, affiliation is going to be the next thing that you think about.  Some policies require an affiliation with the lender, real estate agency or even another entity.  So that is something that you need to make sure that you think about as well.   However, these are just some of the issues that you need to think about.

Job loss mortgage insurance is something that is great – it truly is a fantastic thing if you really think that you might lose your job, you just need to make sure that you do your research and make sure that you know what policy you are going to go with!

Job-Loss Mortgage Insurance: Terms, Conditions, Eligibility — Part 1!

Wednesday, July 22nd, 2009

Job-Loss Mortgage InsuranceWith people constantly getting laid off and losing their jobs – where are all of the mortgage payments going to come from?  In this day and age, finding a job is very difficult and the unemployment rate is definitely growing higher and higher … however, did you know that there is Job-Loss Mortgage Insurance?  Most people have no idea what that means or even how they could be eligible for it.  That is exactly what we are going to explore in the next couple blogs – how you can get this insurance and what the terms and conditions are for it.

One of the first things that you want to take into consideration the vary of coverage, the cost and some of the benefits and requirements for this particular insurance.  You really should do your research on it and make sure that you shop around to find the best possible insurance for you and your family.  Now, if you have no idea what this insurance is – that is what we are going to break down for you.

Basically – this insurance means that your insurance company will pay for your mortgage if you happen to lose your job … to a point though.  Typically, this insurance policy will be paid directly to the lender and the policy benefits can include principle, interest, taxes and the mortgage itself – that is why you need to shop around a bit.