Wednesday, September 9, 2009

I want to get mortgage protection in case I lose my job?

Resolved Question

I want to get mortgage protection in case I lose my job?

Can anyone reccommend a good mortgage protection company?
I want this in case I am made redundant.

Thanks in advance :)

Best Answer - Chosen by Voters

Sorry, Mortgage Insurance only pays lender if you, the buyer default on the loan. If you need Insurance to pay when you lose your job or get into an accident - that's a different kind of insurance. Please consult with your insurance agent for a product that will replace your salary if your laid off.
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Other Answers (2)

  • Good luck, I hope you find it. I was let go in Jan after 39 yrs with a company. There are a lot of companys offering all kinds of plans out there but the thing is you have to be close to, Ifnot going through forecloser to get any kind of help. I can not get any because I am not late with payments or going through foreclosure. It just takes every penny I get from unemployment to make my house payment. I hope you find some thing because eating one time a day is getting old. Good luck to you. Also depending on your age I am finding out that no one wants an old man working for them.
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  • you need to contact a local Financial Adviser, They can deal with this for you. they may charge a small fee or just take commission from the policy they arrange for you.

    They should give you a free consultation sessions.

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