All you need to know about Mortgage Protection Insurance

Jan 21, 2019 9:56:59 AM

Have you ever thought about what would happen to your family home if you were no longer able to meet your mortgage repayments? The fact is, many homeowners are just one pay check away from losing their home. Mortgage Protection Insurance covers your mortgage repayments when you can’t: in the case of a major illness, redundancy or even death. Here’s what you need to know.


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Topics: Home Loan Advice, Home Loan Protection Plan, Home loan rates, Home Loan Insurance, Insurance, Mortgage Protection Insurance

Do you have the right insurance cover?

Jan 25, 2017 6:00:00 AM

Around 1.8 million Australian homes (that’s 23 per cent) have no home or contents insurance, reports the Australian Bureau of Statistics, roughly the same number of homes found in the greater Sydney and Melbourne metropolitan areas. Not having enough insurance is just as risky. What would happen to your family if your home was badly damaged or destroyed? Do you have the right insurance cover?

 


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Topics: Insurance, Underinsurance, Non-Insurance, Mortgage Broker

How to avoid paying Lenders’ Mortgage Insurance

Nov 21, 2016 7:00:00 AM


When buying your first home every cost saving counts. But if you’re struggling to save a large enough deposit, there’s a good chance you’ll have to pay Lenders’ Mortgage Insurance. Lenders’ Mortgage Insurance can be a sizeable cost, so it’s worthwhile finding out about it up front and factoring it in. There are a few ways you can avoid paying Lenders’ Mortgage Insurance and we’ve broken those down for you here.


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Topics: LMI, Australia, Lenders, Mortgages, Insurance