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Showing posts from November, 2021

What everyone should know about mortgage protection insurance Montreal

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Buying any property means that you have debt for the next 20 to 30 years. And, if you die, your family will need to continue with the payments, or they will lose their home. This is why you should consider getting mortgage protection insurance Montreal. This is insurance that protects your family from losing the home when you have died. However, before you just go and get any protection insurance, there is a couple of important information you need to know first.  What is mortgage protection insurance? The first thing that you need to know is what the protection insurance for mortgages is. And, you need to know that it won’t be added to the Mortgage calculator Montreal . You will pay extra for this service. This is protection insurance, where the mortgage premium will be paid in full, when you die or when you can’t pay because of layoffs. Meaning that if you still owe money on your mortgage, when you can’t pay, you will get assistance to keep the home. When you die, the mortgage is aut

Questions answered by mortgage brokers

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Buying a home means that you need to hire a couple of people. People that have experience in property buying.  One of these people is a mortgage broker. A broker is someone that is assisting you in finding an approved mortgage loan.  There are hundreds of people that are using these brokers to get an approved loan. However, there are still some people that don’t know if this is something to make use of. These are some of the questions about mortgages that mortgage brokers have answered for us.  Is using a mortgage calculator really worth it? Not everyone believes in using a mortgage payment calculator . They think that these calculators aren’t accurate and that you can’t count on them. In some cases this is true.  There are some calculators that are free to use, that aren’t recommended at all. However, using the recommended calculators means that you will know what your estimated premium will be monthly. The calculators are worth it if you are using the right one. Researching for the b

What are mortgage brokers?

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Firstly, what are mortgage brokers ? You might know what real estate brokers are, but what are mortgage brokers? They are professionals that assist you in applying for a mortgage loan and getting it approved easier and faster. No, the brokers aren’t the bank where you lend money from. They aren’t even lenders that will lend you any money. They assist you in applying to as many lenders as possible to get an approved mortgage loan. They are supposed to be experienced and know all the private lenders and other lending institutions where you can apply for a loan.