Can you use Payment Protection to pay your mortgage?
Wednesday, January 28th, 2009When you buy a house there is an option that you could acquire called MPPI which is Mortgage Payment Protection Insurance. You get this insurance with the same company that you are getting your mortgage from. This is a very popular insurance plan due to the fact that we never know what could happen in the future and you never want to put your mortgage in jeopardy to where you could lose your home. This insurance plan pays for the mortgage payment in the event that something would happen to where the owner could not pay including loss of job or possible accident.
