Sell with Confidence
Read More
News

Loan Protection – Are You Aware Of The Benefits?

By Property Management

Whilst many of us have mortgages that will span over a period of thirty years, there are also many of us who don’t have a loan protection policy in place.

Whether it’s because we’re not aware that it exists or we’ve heard about it but don’t really understand what it is and therefore don’t see the need in protecting a loan, there are many benefits in spending the money to protect your loan.

When is it needed?

Payment protection insurance (PPI) or commonly known as loan protection is a type of insurance cover put in place to assist you and your family, in the event of unforeseen circumstances such as illness where you can’t afford to keep paying the loan.

If you or someone you know are left unemployed, income protection is another type of insurance policy, covering the loss of income and in some instances (depending on the insurance provider) also covering mortgage repayments.

Real estate is one of the most valuable assets people own and some, work most of their lives to be able to have it. Knowing their loan is protected gives mortgage holders added peace of mind if they’re unable to keep making payments.

If you’d like to find out more about loan protection, consult with a broker. We can arm you with knowledge that enables you to make a more informed decision.

Reference: Loan Market 2017

Up to Date

Latest News

  • Maroochydore unit reaches record price

    6/11-13 Yinni Street, Maroochydore Sold by Jason Mills for $775,000 on 24 May 2021 It’s no secret that taking a property to auction delivers the best sale result each and every time and the recent sale of unit 6/11-13 Yinni Street in Maroochydore is testament to this. Selling under the … Read more

    Read Full Post

  • State of Origin battle for Mooloolaba gem

    50 Palm Drive, Mooloolaba Sold by Mandy Leahy for $1,420,000 Watch the Live Auction video on our Facebook page here: https://www.facebook.com/183002118090/videos/908010273380590 Ray White Maroochydore Agent Mandy Leahy describes the recent auction of 50 Palm Drive, Mooloolaba as having all the key elements that add to the excitement of the event. … Read more

    Read Full Post