It is a very good idea to get life insurance cover. One never knows, tomorrow you are in a accident, and that debt has to go somewhere, your family and loved ones can lose the house. At least if you have life cover, which is enough to cover the bond and a bit more, then the people you leave behind won't have to pay debt, and you leave a place for them to stay after you gone.
Most lenders require bond holders to have life insurance in case something happens and the bond cannot be paid.
While you are here, why not receive an obligational free life insurance quote to speed up the loan process. Fill in your details below for a life quote.
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It only takes a couple of seconds to complete our online home laon application form. A couple of seconds that could save you thousands. Complete the form below and have a professional bond originator contact you. Use the form below to apply for a new home loan, bond refinance , further/second mortgage loan or prequalification letter. Lowest interest rates guaranteed, let us do the hard work for you...
Common Duties Of Bond Originators
Assessing the market to find a mortgage bond product that fits the clients needs at the lowest possible interest rate. Applying for a lenders agreement in principle (pre-approval). Gathering all needed documents (payslips, bank statements, etc.). Completing a lender application form. Explaining the legal disclosures. Submitting all material to the multiple lenders.