Americans insure their cars, lives and homes. Does this mean that when the offer to insure the life of your mortgage comes in the mail that you should insure this too? Mortgage life insurance is an offer that typically comes from your lender and the message can be quite compelling. With a mortgage life insurance policy in place, if something happens to you, your heirs will not have to worry about making your home loan payments. As is the case with most financial decisions, however, there are pros and cons to buying mortgage life insurance. Let’s explore them.
Posts Tagged ‘mortgage loan’
Mortgage Life Insurance: Is It Worth the Cost?
April 1, 2011Mortgage Rates Hit All-Time Low
July 28, 2010Just when you thought they were as low as they could get, mortgage rates continue to slide. In fact, you can now get a 30-year home loan at the lowest interest rates in 39 years, according to Freddie Mac. Take advantage now, as mortgage rates will likely go up in the near future.
