Mortgage protection is an insurance policy that pays off your mortgage if you or another policy holder dies during the term of the mortgage. The policy would normally match the mortgage amount over the term of the mortgage.
Most people’s first encounter with life assurance is when they get their first home loan. The lender will always insist on mortgage protection cover for the amount of the loan to cover a period equivalent to the term of the loan. In the event of the death of the life/lives assured, the debt is cleared and the deeds of the house given back to the next of kin.
We are experts in financial planning in supporting you on your home buying journey. We specialise in mortgage sourcing and work with you to understand your requirements in relation to obtaining a mortgage while guiding you through the mortgage application process.
Whether you're looking to start investing, diversify your portfolio, save for a down payment or just earn more interest than a savings account alone, term deposits can help you achieve your financial goals. They are guaranteed secure investments with very little risk.
People are living longer and healthier lives which means for many retirement is the start of a new and exciting chapter, therefore it is more important than ever to think about where your income will come from when you retire.
While dealing with personal finance, setting goals are probably the most important step, And in order to achieve those goals, saving and investment play the biggest role. Savings means keeping money aside for future use. Investing means putting money or buying some assets in expectation that money will grow with time.
