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Three things I feel very confident in is The sun will rise, The government loves taxes,
and if you buy a home you will be solicited to buy Mortgage Creditor Protection sometimes
known as Mortgage Life Insurance.
Mortgage Creditor Protection is a a financial product which declines in value as the borrower
pays more premium to the insurer. Mortgage Creditor Protection promises to pay out an
amount equal to the client's outstanding mortgage debt at any point in time, which is a decreasing
sum. Therefore mortgage life insurance is extremely profitable for lenders and or insurers
and equally as disadvantageous to borrowers.
Do not be a sucker Mortgage Creditor Protection is a dirty secret of the mortgage industry
and shame on any company that offers this product.