Avoid Mortgage Life Insurance

Congratulations on your new home purchase? Now, here comes the junk mail full of all types of offers for the new homeowner. One of them will be mortgage life insurance. This is optional coverage that is designed to pay off your mortgage should you meet your maker. I’ll be blunt. It is a terrible deal. The rates are horrific. If you have a family, you should consider how the mortgage will be handled if you pass away. Life insurance might be the answer, but a basic life insurance policy is a much better deal than mortgage life insurance. Shop around and save yourself some money.

Get A Free, No-Obligation Consultation with a Mortgage Professional

<< Back to Mortgage Loans