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When buying Mortgage Insurance- What to Consider?
1. Who will be the owner of the policy? You or the Bank?
2. Can you change lenders at later date without worrying about the mortgage insurance?
3. Who will be the beneficiary of this policy? Your heir or bank?
4. Does the coverage reduce over time as the balance of mortgage decreases with time? Or does the coverage stays the same?
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Clarington Bad Credit Loans |
Bad Credit Loans
It is possible to borrow money and perform credit consolidation even if poor credit is an issue. Financial problems are often caused by borrowing money during times of prosperity only to later experience debt problems when a life situation changes for the worse. With credit card debt attracting such a high rate of APR, it is sensible to perform credit consolidation.
Differences in Bad Credit Loans
Bad credit loans are structured differently than a regular personal loan. In some cases, the lender may require you to give them some sort of collateral. This is typically accomplished by allowing them to place a lien on your car or home. Some lenders will accept other forms of collateral, but what they accept varies from company to company.
People trying to obtain loans with bad credit will find that lenders willing to loan them money have much higher interest rates. This is simply because the risk of loaning you money is deemed higher than it would be if you had good credit. Don’t let this discourage you. A personal loan can help rebuild your credit, so even with a higher interest rate the loan benefits you in the long run.
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Simply fill form below and get online quote for your mortgage life Insurance.
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FREE Benefits – Each Policy comes with following benefits at NO Cost
- Terminal Illness Benefit - An interest-free loan may be provided for an insured who becomes terminally ill. The total loan can be up to $250,000 or 75% of the total amount of the life insurance on that insured, whichever is lowest.
- Legal Link Advice - Access certain free and discounted legal services in your area. Connect with lawyers for help with a variety of issues including wills, home ownership and family law.
- Orphan Benefit - A monthly payment for orphans, which pays $900 per month per child to the legal guardian for children under 18 upon the death of both Parents.
- Competitive Scholarship Benefits - to qualifying insured kids for higher studies, worth upto $11,000. Also available - Orphan Scholarships - the scholarship benefit that provides the children of deceased insured with a renewable higher learning scholarship of up to $6,000 per year for up to four years to cover tuition and maintenance, to learn more -- discuss with our licensed advisor.
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In case you have any specific question or concern please feel free to contact us and one of our licensed life insurance advisor will be more than happy to assist and answer your questions. |
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