Keeping a homeowner loan safe
Although a homeowner loan may be less expensive than an unsecured loan, it is a significant financial commitment. If you don’t make your payments on time, you risk losing your home.
As a result, you should only consider this option if you’re certain you’ll be able to make the monthly installments.
It’s worth obtaining an insurance coverage to protect your homeowner loan if you know you can afford it but want to secure your repayments in case you become ill or lose your job.
The payment protection insurance (PPI) scandals have tarnished the entire income protection market, yet the appropriate policy can assist deliver genuine peace of mind.