The first stage in establishing a mortgage protection insurance company is to create
Mortgages are not financing that is paid in a short time. Mortgage loans are characterized by being established in payments for fifteen, twenty or even up to thirty years. During all this time, the same installment must be paid month after month (in case a fixed rate has been contracted), which implies having a fixed income to cover it. But we know that changes can occur and here is the importance of having unemployment insurance in a mortgage protect insurance . The Right Choices For this reason, you must be aware that during the years that you are paying for your house, many things could happen, among them, being out of work that although it is not something that is thought about much, it is completely real and a possibility. So imagine that you were faced with that situation without being certain when you would have a stable job again, how would you pay your mortgage during the time you are unemployed? · This is where unemploy...