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Many borrowers don’t know about an added benefit they can get if they have mortgage insurance. Some mortgage insurance providers also offer Job Loss Protection as part of your policy!
Each mortgage insurance provider may have different guidelines so be sure to check your policy, but as an example here are Radian’s MortgageAssurance program:
There are qualification requirements, for instance with Radian’s MortgageAssurance program:
If you are getting mortgage insurance when you finance your home be sure to ask about Job Loss Protection. It could save you some money when you most need it!
Thanks, great article.