MORTGAGE PROTECTION: A life insurance policy to pay off your mortgage, in the event of a worst-case scenario protects your investment and equity in your home and protects the borrower from default on the mortgage.
HOMEOWNERS INSURANCE: Dwelling coverage, personal property coverage, liability coverage, additional living expenses coverage.
PMI: Private Mortgage Insurance - PMI doesn’t protect you against loss - if you don’t make payments, you could still face foreclosure.
NOTE: Understand the difference.
BANKS MAKE MONEY FROM HOMEOWNERS WITH NO MORTGAGE PROTECTON IN THE EVENT OF A foreclosure, MAKE SURE YOUR FAMILY IS PROTECTED.
Would you rather your family’s home go to the bank, and lose what you’ve worked hard for over the years?
Would you rather your family pay off the mortgage, have a place to stay, keep the EQUITY in the home, and keep an asset in the family for your children’s children?
EVEN IF YOU HAVE A POLICY, GET A SEPARATE POLICY “Strickley” FOR YOUR MORTGAGE, WE CAN DESIGN IT TO DECREASE WITH THE MORTGAGE BALANCE.