3 Thoughts on I need mortgage insurance for my new home with a loan value of $140,000.00, can you help?
  1. Reply
    billyshears
    November 7, 2012 at 9:27 am

    Maybe you should consider a term life insurance policy instead. At least check it out and see how the premiums compare.

  2. Reply
    gooner1212
    November 7, 2012 at 10:24 am

    I found this http://wiz.sc/insurance740 article on home insurance which offers information as well as advice and tips etc, hope it helps.

  3. Reply
    Hadley
    November 7, 2012 at 10:43 am

    There are several types of mortgage insurance.

    Mortgage insurance is available as mortgage protection insurance or mortgage life insurance.

    Mortgage protection insurance may pay off the loan on your mortgage if you pass away during the coverage period. It usually declines over time in value along wioth the declining mortgage on your home.

    However, mortgage term life insurance is available for up to 30 years, and the value of the policy will remain level during the policy term, so your family (beneficiary) will receive the money left over after paying off the mortgage. This type of protection may prove more affordable and provide your family with more insurance than just the standard mortgage protection policy.

    Also, you may be able to qualify for up to $ 250,000 of term life insurance with no medical exam to protect your mortgage.

    To learn more and request a free quote, visit https://insurance.hsbcusa.com/quotal/simple-term-hsbc.cfm?AgentId=9200&mc_id=107TVXWFW Coverage is provided through HSBC and Household Life Insurance Company, which is rated “A+” (Superior) by A.M. Best.

    I hope that helps you find mortgage insurance at affordable rates to protect your home loan value.

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