Providing home loan mortgage financing in Lake, Geauga, Mahoning, Columbiana, Erie, Sandusky, Seneca, Wyandot, Putnam, Hancock, Ottowa, Fulton, Williams, Henry, Defiance, and many more Ohio counties.
Providing financing in Lucas, Cuyahoga, Lorain, Medina, Wood, Summit, Montgomery, Licking, Deleware, Warren, Hamilton, Butler, Franklin, Fairfield, Stark, Wayne, Knox and many other Ohio counties.
Providing home mortgages in Findlay, North Ridgeville, Highland Hills, Beachwood, Moreland Hills, Ashtabula, Rock Creek, Delaware, Franklin, Brunswick, Geauga, Grafton, Lorain, Green, Bath, Sandusky, Port Clinton, Huron and many other Ohio communities.
Providing mortgage financing in Cleveland, Cincinnati, Toledo, Bowling Green, Columbus, Akron, Canton, Avon, Strongsville, Avon Lake, Solon, Dayton, Medina, Wooster, Youngstown, Alliance, Mentor, Elyria and many other Ohio cities.


Do I Need Life Insurance

Life insurance policies are not required when taking a mortgage. However most people take it out so there mortgage can be paid when they die. It is one more way to protect the surviving spouse.

It is important to shop for life insurance when you are relatively young and in good health. Once you procure a good life insurance policy when you are young it normally will automatically renew so you won't have to worry about qualifying as you age or develop health problems.

Today, where the real estate values are high, if it takes both incomes of the husband and wife to qualify for the loan, then it makes good sense for both to carry term life insurance (also known as mortgage insurance that gradually decreases with loan amount). Too many times a spouse is left with the entire house payment, that they cannot afford on their own income, and are forced to do a quick sale and worst case scenerio are headed into foreclosure.

There are two basic categories of life insurance: term life (temporary insurance) and whole life (permanent insurance). Speak to your insurance agent to see which is best for you.

The proceeds of life insurance are paid directly to the beneficiary and is not subject to taxation.

Life Insurance polocies are also a great investment. There are also polocies that you may deffer your taxes on any gains. I'd be happy to help you find a personal finance advivsor to assist you.

Most people feel that 5 times there yearly income is a adequate life insurance policy amount. But depending on your lifestyle and amount of debt you may want to purchase a larger policy. Your mortgage broker may be able to refer you to a good insurance agent.


If you have any questions regarding our products, you can contact us by calling or e-mailing us and we'll get back to you as soon as possible. Thanks!



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