What is a mortgage insurance?
The mortgage insurance is a compulsory insurance for anyone who takes out a mortgage. This insurance protects the lender in case of death of one of the spouses or in case of damage to the mortgaged property.
Today, insurance companies offer insurance extensions that include loss of working capacity, layoffs, serious illnesses, etc.
You should choose your insurance according to your needs and make sure you do not have duplicate insurance, for example through your workplace.
In addition, do not choose the widest policy because it also means raising the policy.
Comparison of prices between different insurance companies will help you save thousands of shekels. Avoid to take the first deal offered by the bank.
Tip: It is very important to require a premium table based on the policy amount, age, gender and health status of the policyholder.
Contact us now for mortgage advices and more details about your options.
Itay Mardix – Financial and Mortgage Advisor.
Phone number – 052-6007476
Office – 074-7419441
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Facebook.com/MardixFinance