Mortgage Unemployment Insurance: April 2008 Archives
Here in Bank of America country (North Carolina), the suits in the tallest building just hung out their dirty laundry. The mortgage market cost them profits. Sister bank in town...Wachovia....bit their bullet last week. The culprit for both: Mortgages.
Mortgages that people aren't paying off. Why aren't they paying them off? Lots of reasons, but a big reason is loss of income due to unemployment. Unemployment rates are rising across the country. People who got a mortgage during this latest 3-4 year 'boon' cycle are borrowed to the max...they have no room for error. They are a job loss or an extended sickness away from missing mortgage payments.
When they miss a mortgage payment, or miss a home-equity payment (another Bank of America problem)...then the "heat" is really on them.
That's one of many reasons why Mortgage Unemployment Insurance provides valuable protection and peace of mind coverage. Now available across much of the US (40 states have approved the product for sale), this Job Loss Mortgage Unemployment Insurance can pay you up to $2000 per month for up to 6 months if you lose your job.
Get a specific price quote here at www.salaryprotector.com
Contact John Hartline 800.562.8019
Mortgages that people aren't paying off. Why aren't they paying them off? Lots of reasons, but a big reason is loss of income due to unemployment. Unemployment rates are rising across the country. People who got a mortgage during this latest 3-4 year 'boon' cycle are borrowed to the max...they have no room for error. They are a job loss or an extended sickness away from missing mortgage payments.
When they miss a mortgage payment, or miss a home-equity payment (another Bank of America problem)...then the "heat" is really on them.
That's one of many reasons why Mortgage Unemployment Insurance provides valuable protection and peace of mind coverage. Now available across much of the US (40 states have approved the product for sale), this Job Loss Mortgage Unemployment Insurance can pay you up to $2000 per month for up to 6 months if you lose your job.
Get a specific price quote here at www.salaryprotector.com
Contact John Hartline 800.562.8019
