You never want to hear those words. However, it may happen. Do you have a “plan B”? Will you find another job soon enough that you’ll be able to keep up with your expenses? Your bills will need to be paid. What if you can’t pay your mortgage?
Don’t lose your home just because you lost your job!
When things don’t go as planned, due to a bad economy or other reasons that may be beyond your control, you may find yourself without a paycheck. You may have been too sick for too long, you’ve used all your sick days and now your boss just told you that they need to hire someone else to replace you. Your mortgage bill is due, and now you have to figure how to put food on the table instead. How long before you lose your home? Your mortgage lender does not care if you can’t pay the bill. You may need to foreclose on your home, sell or downsize. You wish for an easier solution, but there seems to be none. But what if there was an easier solution?
Mortgage insurance with unemployment waiver of premium
When you got your mortgage you were probably offered some kind of mortgage insurance policy, but you declined it like you always do when you’re offered insurance or extended warranty for a phone, or a camera. Unlike a small item that you can easily replace, your home should be protected. Not all mortgage insurance policies are the same. There are some mortgage policies that cover your premiums if you lose your job. You can also get paid if you get too sick to work. Of course, they will also cover paying your full mortgage in case of an untimely death. Make sure you and your family will be able to keep your home, even if you lose your job and income.
Call 877-LIFE-GUY (877-543-3489) or email MortgageInsurance@LifeGuy.com