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: 1,118 About Michael: It has been my honor to serve my clients in the Triangle area since 1990.
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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.
"One day, after Mr. Michael Johnson, took my wife and myself around for literally four (4) hours, perhaps even more on that day, looking for a house. I was at the point where I myself was saying to him that I thought that he had done enough for that day. We got to a lot in Wake Forest, that both my wife and myself liked. And as we stood there looking around I began speaking to Mr. Johnson, about my financial situation which to be truthful I am not proudful about one bit. Considering my age, and the length of time my wife and I have worked and yet our financial condition sucks, forgive my english grammar. Mr. Johnson, stood there and listened to me rant and rave about this matter, without as much as saying one single word. His eyes full of tears but yet he did not cry. He knew that I was hurt and ashamed of my situation, but not once did he as much as give me an idea that he did not care. I will never as long as I live forget that moment in my life, never. Mr. Johnson, then said to me after I dried my eyes from the tears that I shed there in front of him, he said to me, Oscar, we will do all we can to find you a home, I promise you that. Well, on December 31st. my wife, Carlota Belmo, Mr. Nelson Estrela, of New Penn Financial, Mr. Hamrick, the Attorney, Mr. Michael Johnson and myself Oscar Belmo, were at the table for closing on the home of our dream. Thanks to the effort of so many hard working people and the Grace of God. Thank you, thank you, thank you from the bottom of our heart. We love each and every one of you. God, bless you. May God, bless and keep each and every one of you."