It is a fact that most people need to incomes to maintain a mortgage and upkeep on a home these days. Once you have bought your new home, you need answer the question of how will your spouse keep up the payments if you die or become disabled.
The odds are, if you are under 45, you won't even see it coming. If you are over 45, the odds are you will outlive your employment. Here are the stats.
If you are lucky, you have some kind of life insurance with your company. If you're also lucky enough to still have that job when the unfortunate happens the proceeds should help take care of expenses. However, that is a big IF. Many people lose their jobs as a result of their injury or illness and their life insurance is gone with the job. What then?
Own your personal safety net. Mortgage protection insurance will either pay off or refinance the mortgage if your family wants to keep it. It can also give your family time to prepare and sell the house without worry if they really don't want to stay. We call the second option Equity protection.
If you would like to learn more about how Mortgage Protection or Equity Protection can help you, contact Michael at the email or number below.
Author:Michael Johnson Phone: 919-413-0495 Dated: March 3rd 2016 Views: 856 About Michael: After choosing a career in real estate in 1990 I had one pressing question to answer. Do I want to b...
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Grow Local Realty is a full service Raleigh NC Real Estate Company servicing Raleigh, Durham, Cary, Apex, Holly Springs, Clayton, Fuquay Varina, Garner, Wake Forest, Chapel Hill and all other Triangle areas including all of Wake County, Johnston County, Durham County, Orange County, Chatham County and Harnett County. We are dedicated to extraordinary customer service and are here to represent you with your next home purchase or the sale of your current home. Allow one our fantastic agents to assist you with your Raleigh NC Real Estate search.
Buying a home is, for many people, an essential part of the American d
"My husband and I first met Michael Johnson, after finding a house we wanted to see in the Raleigh area. We didn't know what to expect or who we were meeting, but I'm glad it was Michael; he was so gentle and patient with me, and I had him going all around the triangle area, I told him what I was looking for and he did his best to take us to the homes that came close to what I wanted, and finally we found the right one. Only about a week later. Thanks Michael, for all the you did and for being there for us, even when you knew we were working with limited funds. Yes! I would recommend him to my family and friends!"