Friday, September 18, 2009

Is Mortgage Life Insurance Required To Buy A Home?

Do I need to buy mortgage life insurance if i buy a home?

That depends on a few things, including your mortgage company, how much money you are putting down as a down payment on your home, and the state you live in.

Most mortgage companies do not require mortgage insurance if you are putting down 20% when you buy your home. The amount required to fore go the mortgage insurance requirement may vary by mortgage company.

However, there may be more affordable ways to protect your mortgage and your family.

Now, mortgage term life insurance offers affordable rates to provide the life insurance protection you and your family needs, without spending more than you have to.

Mortgage life insurance can provide your family with money to pay off the mortgage loan if you die, and leave money for their living expenses, also.

Learn how mortgage life insurance works and find out how you can get the most affordable protection for your mortgage.

NEW! Here’s How to Buy up to $500,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.


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