“What would happen if my spouse or I were to die before the house is paid off?”
“Would I be able to stay in my home with one income?”
“What is the best way to purchase “mortgage insurance” that will pay off my house if I die?”
I have been helping homeowners with policies specifically tailored to a mortgage amount and term since 1996. Mortgage insurance might be lower than you’d expect, as a life policy designed to pay off a $250,000, 15 year loan for a healthy 40 year old, can be as low as $14 a month.
Death – Designed to pay off your mortgage in the event of your death.
Disability – A disability policy can help pay your mortgage payments if you are disabled.