Wednesday, April 16, 2008

mortgage

are you familiar with mortgage? Mortgage is a loan to finance the purchase of real estate, usually with specified payment periods and interest rates. The borrower (mortgagor) gives the lender (mortgagee) a lien on the property as collateral for the loan. So, (The man sends his paycheck to the bank...) means that the man is making a payment on that mortgage.Mortgage insurance is also called decreasing term. It's for the remainder of the mortgage, if you die, and only pays the payoff. It costs MORE than regular term. So, you're BETTER off if you buy a level term policy - it's cheaper, and it DOESN'T decrease each year.There's ALSO disability coverage. It's a different policy, and depending on your ages/health, it can be pretty expensive. Unemployment is NOT a private coverage in the us, you can ONLY get it through your state unemployment office.Talk to your agent that does house and auto - ask him if he sells level term coverage, and/or disability coverage. If he doesn't, ask him for a LOCAL referral. IF you're with a direct writer, ask a neighbor or friend who their local agent is. to know more about it.so please do visit mortgagefindersnetwork.com. Goodluck Guys!

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