Mortgage_Insurance by MaggieMills1

VIEWS: 0 PAGES: 1

									Primary keyword-- Mortgage Insurance Is A Wise Move
Secondary keyword—insurance, mortgage insurance, mortgage

Page title-- Mortgage Insurance Is A Wise Move
Sub title-- mortgage insurance


Mortgage Insurance Is A Wise Move

Mortgage insurance is a wise move. Should anything happen to you, your spouse would
be protected by having mortgage insurance. The house would be paid for and your
family’s financial security would be a little bit better off. Or, if you have mortgage
insurance that is triggered by your disability or being unable to work, then you and your
spouse are both covered if something bad should happen.

Mortgage insurance actually is such a good idea that many mortgage companies, in fact
most of them, insist on it. That is wise on the part of the mortgage company because it
provides them with additional security, and makes it easier for them to justify loaning you
the money for your mortgage. From a business standpoint it really just makes sense
both for you and for them.

Take, for example, the case of Mary Jones. Mary and her husband Tom worked hard to
get a down payment together to buy a home. They had three children and Tom and
Mary decided that they would both prefer that Mary stay home with the kids and quit her
job. Tom had a good job and a nice paycheck so it wasn’t a burden. However, Tom
was tragically killed in an auto crash. This left Mary alone to support the family without
an income. Fortunately Tom had adequate life insurance and he had mortgage
insurance. Mary received a check from the life insurance company large enough to
support her and the kids until they were grown, and another check she used to pay off
the mortgage on the home, from the mortgage insurance company, which took away the
largest monthly debt she had to pay on and gave the family the security of actually
owning the place where they lived. They no longer had to worry about making the house
payment. The mortgage insurance took care of that for them.

Mary’s case isn’t unique. Every year in America thousands of people depend on
mortgage insurance when unexpected tragedy occurs. Mortgage insurance looks like a
burden to those who pay it until they think about the amount of protection it provides.
Mortgage insurance is one of those things that you are very glad to have when you
finally need it. Having mortgage insurance, for many families, has made all of the
difference in security, in having a roof over their heads, and in knowing that their futures
were secure.

								
To top