How does one get instant online life insurance quotes? Thanks to the Internet, insurance comparison is quick, easy, and hassle-free. We can do it from our laptops and even from our home. Websites such as Life Shop are also there to assist make the insurance shopping process easier and faster. Once you’re on the site, you can shop and get instant quotes for whole life or term life insurance from all providers.
Most of us have heard of life insurance agents before. This is done through telephone or via a broker who shows various options and coverages. You then have to take his advice and sign up for the plan or policy that he/she was pushing. It’s a frustrating process with little or no benefit for your finances. With these new online life insurance quotes, you get to make the entire buying process convenient, easy, and stress-free.
Do you own a high-rise apartment building? If so, you need to have a life policy. The owners need to have a life policy to cover any accidents or lawsuits due to illnesses or injury. If you’re a renter, you too need to get a life insurance policy. Usually, the higher the coverage, the more affordable your premium will be.
Many individuals purchase life insurance policies when they first get married or buy their first house. Since life coverage is such a considerable expense, getting life insurance quotes in advance is essential. By getting quotes in advance, you know exactly what you are paying for, and you can budget accordingly. If you wait until the end of your term, the cost of your premium will jump significantly.
In this economy, everybody needs to tighten their belts financially. One way to do this is to eliminate extraneous spending. Eliminating unnecessary spending also means eliminating nonessential expenses. One way to lower your monthly mortgage payments is to get quotes from your existing mortgage broker. The mortgage broker has access to discount rates and can save you up to 6% in mortgage interest rates.
Right now, the residential housing market is hot. Homeowners can lock in low-interest rates thanks to the current economic conditions. With low-interest rates and high employment rates, the unemployment rate is near zero. This is great for borrowers who have good credit and low debt compared to their income.
Besides, to have low mortgage rates, many people find that borrowing is out of the question. The reality is that many people are not able to save for a deposit when borrowing money. Borrowing is a bad idea if your goal is to obtain long term financing to remodel or expand the home. Many people are finding that borrowing against their equity is the only option that makes sense.
As mentioned earlier, many people are not able to make a sizable down payment. However, if you can’t make a down payment, consider making an interest-only payment during the first three months. During these three months, the payment will be set to your current interest rate minus one percent. Your payment will be based on your new higher interest rate at the end of the first three months. Since the new interest rate will be higher than the old one, your monthly payments will be lower. For those borrowers who can make a significant down payment, this may be the option that makes sense for them.