If you were to be made redundant then you would still have to meet your essential outgoings such as your loan repayments, mortgage repayments and the cost of everyday living. If you want to insure against this possibility then you can take out redundancy insurance in the form of loan payment protection, mortgage payment protection or income protection insurance. You…
Tag: Mortgage
Working Out A Problem Remortgage
A problem mortgage occurs when payments are not made on time or due to late mortgage payments. A problem mortgage is something a homeowner should try to avoid at all costs. Falling behind on a mortgage can be a very devastating thing. Falling too far behind can mean foreclosure and the loss of the home. Dealing with a problem mortgage…
Cheap Mortgage Protection Cover Can Be Found
Mortgage protection cover – or mortgage payment protection insurance (MPPI) as it can be known as – is taken out to ensure that if you should come out of work through accident, sickness or unemployment then you will have a predefined monthly income which will last for around 12 months. Mortgage protection cover can be expensive depending on where you…
The Problems And Advantages Of A Lifetime Loan
If you think that a mortgage is beyond you because even with a term of 25 years the payments are too high, then maybe you should consider getting a lifetime loan. These loans are literally for life, unless you pay them off before your death. They allow you to get property that you might otherwise struggle to finance, whilst keeping…
The Rarity That Is Cheap Mortgage Cover
Cheap mortgage cover is definitely hard to come by in this day and age of rising interest rates and thus rising mortgage costs. As mortgage cover is designed to last for the life of a mortgage, the unsteady financial climate in which we live in at the moment has contributed to a price hike that has left some homeowners and…
Beginner S Guide To Obtaining Mortgage Quotes
Mortgage quotes are a dime a dozen. So are mortgage companies, running the whole gamut from legitimate brokers to fly-by-night lenders. To make sure you get the best deal and ensure you do not fall prey to unscrupulous brokers, learn basic mortgage terms and concepts. Mortgaging 101 Mortgaging is a complex process. Its basic terms and concepts, however, are simple…
Do I Really Need Life Insurance
Deciding whether or not you need to insure your life can be tricky. For many people they consider it just another outlay that they could do without. But is it something you should seriously consider taking out? If you have a family who are dependant on you then life insurance is something which you should certainly consider taking. Having life…
Home Refinancing Rates When Is It Worth It To Refi
When interest rates were two points below your current mortgage rate, it was considered a good rule of thumb to refinance. But with today’s low closing costs, a difference of one percent can save you money on your interest costs. Even with low fees, it only worth it to refinance when you can be sure you can recoup the mortgage…
Mortgage Payment Protection Insurance Could Be Your Lifeline
If you were to find yourself out of work after suffering from an accident, were to become ill or become unemployed then life could get extremely hard and you could be at risk of losing your home if you cannot keep up with the mortgage repayments. However, the solution to this financial nightmare is mortgage payment protection insurance. Regardless of…
Different Ways To Repay Your Mortgage
When you are searching for a mortgage, no matter if it is a first, second, or refinance, you have different options on repaying it which some people don’t realize. So, before you just take whatever is on the paperwork, you should consider the following options: Capital and Interest Payments This is the most common way to repay your mortgage, since…