Owning a home comes with long-term financial and lifestyle benefits. But for many would-be homebuyers, a 20 percent down payment is simply not a possibility. If your down payment is less than 20 percent of your home’s value or sale price, your lender will likely require you to obtain private mortgage insurance. That’s where we can help.What is mortgage protection insurance?
Mortgage protection insurance MPI , is a type of life insurance that that pays off your mortgage debt in case of death ,un expected disability or job loss. Mortgage insurance cost varies depending on the amount of your mortgage debt , your health and age.If you purchase home insurance in BC Canada , the insurance broker is going to pay directly your mortgage debt when you die. One of the greatest benefit of mortgage protection insurance is that ,it is delivered on guaranteed acceptance basis. Thats a good benefit for the people with health problems or uninsurable or insurable at high insurance rates. It is also preferable for people who has high risk occupations such as construction , roofing and so on.Mortgage Insurance for Qualified Buyers , Bc Home Insurance at reasonable cost.
At Greg Pullman in Port Moody, BC, we make it possible for responsible buyers like you to experience the benefits of homeownership, even if you’re not able to put 20 percent down. The mortgage protection insurance professionals at Greg Pullman are committed to your satisfaction. We go the extra mile to provide attentive, personalized service for the duration of your insurance coverage.
You don’t necessarily have to put 20 percent down in order to enjoy the pride of homeownership. Call our office in Port Moody, BC to learn more about our mortgage protection insurance rates.