How to protect your home from being repossessed? How do you make your mortgage payments on time? Unemployment, redundancy, sickness or accident may be the cause for non payment of mortgage on time. This will lead to negative credit scores and gets you into a debt trap; you may also lose your home.
To protect your mortgage payments in the event of accident, sickness or redundancy, you need mortgage protection payment. Get a regular amount to cover your mortgage or rent and other costs like endowments and insurance. Don't risk your house for a few pounds? Avail suitable mortgage protection insurance! This will help you make timely payments despite of your involuntary unemployment, injuries due to an accident, illness. It is basically protecting your loan payment and safeguarding your security such as home or other assets from being repossessed by the lender. It serves as a life insurance for your mortgage. In addition to redundancy, mortgage payments can also be protected from accident, illness, death. A mortgage life insurance is a specialized form of insurance that pays off the mortgage balance if a home owner dies.
In case of redundancy cover, it will cover your mortgage payments while you are unemployed or redundant. Till you find a job, monthly income, either fully or half of your salary will be paid to you. With this protection cover, you get to meet your financial obligation and your living expenses. Such a payment protection offers you financial succour and a peace of mind. You can be rest assured of paying your mortgage loans on time in case you lose your job.
No comments:
Post a Comment