On Mortgage Redundancy Protection
30 August 2008
You go to work every day, you do a good job, and you feel secure in your position - so it’s a total shock when you get laid off. Now what do you do? Either you scramble to find some kind, any kind of work to keep the bills paid - or you take a deep breath and remain calm because you know you have mortgage redundancy protection. A couple dollars per $100 of mortgage payment can add up, but it’s well worth the protection. As with mortgage life insurance, it’s best to avoid purchasing the protection plan directly from your mortgage lender. Instead, shop around for the best deal.