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Which Plan Is Best For You?
All Plans Are Very Low Priced And Can Work For Any Mortgage!

All plans described below have the advantage of being portable. What this means to you is that even if your lender decides to sell the loan to another lender  or if you decide to refinance with another lender you WILL NOT have to re-qualify for your insurance. Your plan will stay with you regardless of what happens to your present or future loan. This is a very important factor when deciding on which plan or company to select for your Mortgage Insurance coverage. The first thing you want to avoid is having to re-qualify later for another plan each time you make changes to your loan status. 

The 10 Year Plan

This plan has worked well for individuals with very short mortgages or individuals who plan on paying off their longer mortgage early. Others decide on the 10 year plan because they do not feel that they will be living in their new house more than ten years and that is all they need to cover. This can actually be a mistake since even if you will not live in that same house for more than ten years, you will most likely buy another house and you will need the coverage again. In the case of an older mortgage holder (age 75+) the ten year plan may be just fine and will certainly be more affordable. In fact, some of our customers have selected this plan when they felt they needed the protection but could not yet afford the longer higher priced plans. Please remember that even if you start with the short 10 year plan, in most cases (please ask your consultant for details), you can still switch to a longer plan later. 

The 15 Year Plan

This is an easy choice if you have a very common 15 year loan. As with the plan above, it is not uncommon for our clients to select this plan when they plan to pay off a 20 or 30 year mortgage early. Some older clients (65+) with 20 to 30 year mortgages will often select the 15 year plan. Also, this plan, in most cases (please ask your consultant for details), can still switch to a longer plan later.

The 20 Year Plan

This plan is often selected because many mortgage holders have a 20 year mortgage or they will decide from the start that their 30 year mortgage will be paid off in 20 years. This plan is more popular with individuals 20-55 years of age (mostly because the rates are very low.) This plan, in most cases, is also convertible to a longer plan (please ask your consultant for details.)

The 30 Year Plan

This plan is much more common today and is most popular among our younger customers (20-45 years of age.) Our customers have enjoyed the very low payments and the peace of mind of being covered for the full length of their mortgage. Some individuals have selected the 30 year plan although they only had a 20 or 15 year mortgage to be prepared and covered for their next mortgage at an already low rate (smart move).