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MORTGAGE PROTECTION INSURANCE:
Mortgage Insurance at its Best
Looking for a house to buy is not a challenge you take lightly. You have no doubt already figured out what you need in terms of space, number of rooms, style, neighbourhood, and state of repair…The purchase of a house is an important financial decision, and it is definitely a smart idea to protect the biggest investment of your life.
The objective of our Mortgage Protection Insurance coverage is to enable you to avoid leaving a significant debt for your surviving spouse and children. This plan enables your loved ones to keep the house and all the benefits associated with it, rather than having to sell up, in the event of your death prior to repayment of the mortgage loan.
Mortgage Protection Insurance is, first and foremost, life insurance coverage that enables you to pay all or part of your mortgage loan balance. |
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Features of our Mortgage Protection Insurance |
- You are the owner of your individual mortgage insurance, unlike group coverage offered
by most financial institutions.
- Protection from interest rate increases, since the premiums are level and they’re guaranteed for the entire term of coverage.
- The ability to select individual or joint life insurance depending on your personal situation. This way, you can benefit from a significant reduction in the premium amount.
- The advantage of keeping your insurance, even if you refinance your loan or change lending institutions. Your coverage remains in effect.
- An opportunity to convert your mortgage insurance to regular life insurance without
having to answer any health questions.
- Freedom to appoint your own beneficiary rather than your financial institution.
- Freedom for your heirs to use the benefits to repay your loan or to meet more pressing needs. That’s because the insurance benefit is paid to the beneficiary, rather than to
your lending institution.
- Benefits that cover your mortgage payments in the event of disability or critical illness.
- You chose your home sweet home very carefully. With the Mortgage Protection Insurance, you can enjoy your home with full peace of mind while protecting the biggest investment of your life. What are you waiting for? Start filling your home with good things and happy memories!
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Welcome to Canada Insurance Plan. Strathroy Home Loan. Canada Insurance Plan Life Insurance Rates service brings clients in Strathroy, who need good competitive life insurance rates, together with insurance companies who offer insurance quotes in Strathroy ON. Life insurance rates are currently available in Strathroy the Internet. Here you would have a good access to all quotes, rates of policies from good insurance companies, best brokers, dedicated agents who devote best of their knowledge in insurance for Canadians.
Fixed-income investors should understand one simple concept; interest rate is a statement of risk – period. In more down to earth vernacular, there is no such thing as a free lunch. It is not enough to ask which direction interest rates headed. Rather, ask interest rates on what. The past two years has seen an historic dichotomy in interest rates between sovereign debt and everything else.
These low interest rates combined with falling housing prices -- not to mention desperate sellers willing to make deals and a high inventory of available homes.Unfortunately, not every borrower qualifies for the best mortgage interest rates. Those rates are reserved for those borrowers that mortgage lenders -- and the big three credit bureaus -- consider most trustworthy.
Simply pay your bills on time and remain gainfully employed. That’s all you need to qualify for a home loan….That and at least a 20 percent down payment.Pay your entire balance every month. If you don’t, you’ll find yourself in credit card debt very fast. Don’t believe what people tell you about building credit. You don’t need to accumulate debt to obtain a credit history.
Different mortgage lenders and banks have different mortgage interest rates. This is due to many things like overhead and the bulk rate that they get from their financial providers. Also, if you have a bad credit or mortgage repayment history, the interest rates extended to you may be higher to offset the risks of you not paying it back. This can be as much as an additional 1% - 2% which really adds up to a lot of money over the course of a 30 year home loan. Also, some banks and mortgage lenders just charge more as a bottom line number, to increase overall profits. While everything is always negotiable, the bottom line is that lenders and banks are in it for profits and mortgage rates are often one of the many ways they do profit. That margin though is different at each lender or bank and for each mortgage refinancing option. |
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Licensed from:Financial Service Commission of Ontario |
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Norman & Cindy, London ON |
William & Dorothy, Sarnia ON |
Richard & Shelly, Toronto ON |
Peter, Brampton ON |
"Kept us completely informed on each step while waiting approval." |
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"I had been turned down time after time.....Life Insurance Advisors got a policy for me at preferred rates...Thanks" |
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"Your service was outstanding, you kept us in the loop throughout the entire process. You made shopping for life insurance a breeze. Thank you so much!" |
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"Mike, Thanks for being so professional. You have provided me the life insurance at the right value without any hassle. Thanks." |
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We serve all of Ontario including: Acton, Ajax, Almonte, Amherstberg, Ancaster, Aurora, Barrie, Beamsville, Belleville, Bolton, Bracebridge, Bradford, Brampton, Brant, Brantford, Brighton, Brockville, Burlington, Cambridge, Cayuga, Chatham, Churchill, Clarence, Clarington, Cobourg, Collingwood, Cornwall, Essex, Fort Erie, Georgetown, Goderich, Gravenhurst, Guelph, Grimsby, Gwillimbury, Haldimand, Hamilton, Hawkesbury, Huntsville, Ingersoll, Kenora, Keswick, Kingston, Kingsville, Kitchener, LaSalle, Lincoln, Lindsay, Listowel, London, Milton, Markham, Midland, Mississauga, Napanee, Newmarket, New Alliston, Niagara Falls, Niagara on the Lake, North Bay, Norfolk, Oakville, Orangeville, Orillia, Oshawa, Ottawa, Owen Sound, Paris, Parry Sound, Pelham, Pembroke, Petawawa, Peterborough, Pickering, Picton, Port (Pt.) Colborne, Port Dover, Port Elgin, Richmond Hill, Sault Ste. Marie, Sarnia, Scarborough, Simcoe, Stoney Creek, Stratford, Strathroy, St. Catharines, Stouffville, St. Thomas, St. Mary’s, Sudbury, Tecumseh, Thornhill, Tillsonburg, Timmins, Thorold, Thunder Bay, Toronto, Trenton, Vaughan, Vineland, Wasaga Beach, Waterloo, Welland, Whitby, Windsor, Woodbridge, and Woodstock. |
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