If you do have a mortgage that you would like to be paid off, paid down, have payments made, or
have your equity in your home protected upon death, then mortgage protection is a perfect solution for you and your loved ones.
Not exact matches
Mortgage insurance is required if you
have less than 20 %
equity (or down payment)
in your
home and
protects the mortgage lender from losses if a customer is unable to make loan payments and defaults on the loan.
You can try a 15 or 20 - year fixed rate mortgage to
protect the lower rates you
've become accustomed to, and continue to build
equity in your
home.
Chapter 13 Bankruptcy, unlike a Chapter 7 Bankruptcy, is not a liquidation bankruptcy and filers may keep their
home and continue to make payments, even if the bankruptcy exemption does not
protect all of the
equity they
have in their
home.
Although you can not mix and match exemption schemes, which means if you choose the federal homestead exemption you will
have to use all of the federal exemptions, if you decide to use the federal exemptions you can double the exemption amount if you file with your spouse,
protecting up to $ 43,250 of the
equity in your
home.
While many states
have very generous homestead exemptions which allow property owners to
protect the
equity in their
homes, unfortunately, the exemptions offered by states differ significantly.
Also, if you
would need to use assets to pay off your debts that
would otherwise be
protected under a bankruptcy filing, such as the
equity in your
home or the money
in your retirement account, bankruptcy may be your best option.
Mortgage protection also
protects the
equity you
have built
in your
home over all your years of
home ownership.
No longer will homeowners
have to be subject to the ups and downs of the housing market; the
equity in their
home is now
protected by our company.