Mortgage Protection Plan - Mortgage Unemployment Insurance

There's more and more talk now about the economy.  Words like 'recession' and 'job losses' are popping up more and more in the news.  Of course, these discussions usually do come up near the end of the calendar year, but recent oil price increases, massive layoffs in the financial services industry and in the housing industry do have economists alarmed.

How would you make your mortgage payment if your salary suddenly stopped because you couldn't work?  What if your job was suddenly in jeopardy?

A solid mortgage protection plan that includes mortgage unemployment insurance is inexpensive.  Recently introduced in the US, and now available in 25 states, Mortgage Unemployment Insurance pays you cash benefits for up to 6 months if you become unemployed.  Up to $2000 per month would go a long way towards helping you meet your monthly expenses should you lose your job.

Enrollment is done entirely via a secure internet portal; price is based on the monthly benefit amount you choose and is the same for all ages, male or female.
It is an election year, and for the first time in many years neither the sitting President nor Vice-President is seeking re-election.  Many say this could lead to less federal intervention into the economy, leading to further weakness.

67% of all loan delinquencies and home foreclosures are caused by loss of income due to unemployment or disability.  The average length of unemployment is 16 weeks.  Could you make your monthly mortgage payment for nearly 4 months if you lost your job?  Mortgage Protection including mortgage unemployment insurance might be worth considering.

John Hartline
800-562-8019