Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about The Mortgage Insurance Application Process and other Mortgage Protection Insurance topics.
The Mortgage Insurance Quote that you receive is not always the actual premium that you'll pay for your insurance policy. In fact, if you're working with an inexperienced insurance professional or are trying to get your own Mortgage Insurance Quote, the quote you receive could be completely off base. You may then move forward and waste valuable time filling out forms and going through underwriting, only to find that your Mortgage Insurance Quote was wrong.
In order to actually determine what your premium will be, the experienced professionals at TermAdvantage work closely with insurance companies and get to know their underwriting standards. In doing so, they're better able to give you an accurate Mortgage Insurance Quote when you apply for the insurance coverage. After all, what good is an affordable Mortgage Insurance Quote if it's incorrect and the real premium, determined after your individual health and medical history is evaluated, is not affordable?