I am Single, How do I pay Off my Mortgage Debt?

When taking out a mortgage, one of the main things that you need to consider as a single individual is making sure that your mortgage and the debt is protected. And as a single individual thinking about death is not the best thing to do. Because who are you realistically going to leave the property to?

How Will You Pay Your Monthly Payments? 

The main thing you need to be thinking about, first of all, is how you’re going to continue to pay that monthly payment on a consistent basis and also support your lifestyle should you suffer something like an accident, become long term sick or become unemployed if you’re currently employed. So you need to ask yourself, how am I going to pay my mortgage if I’m off sick or have an accident? How am I going to continue to remain in my house, pay the household bills, keep up to date with council tax? Do you really want to be affecting your credit score or moving home with mom and dad or having to substantially change your life and also potentially lose the house that you’ve worked so hard to achieve if you were to have an accident or if you’re off sick?

I know that I wouldn’t. And if you were to suffer something more serious, like cancer, heart attack, disability, multiple sclerosis. They are the four main illnesses that people suffer and you want to make sure that your mortgage is fully repaid. And that you have some choices to make sure that you can remain in the home that you’ve worked so hard to achieve. So if you need assistance in making sure that you are covering accident, sickness, unemployment or critical illnesses like cancer, heart attack, stroke or disability, then get in contact with Active Mortgage. We’ll be more than happy to assist you and we’ll make sure that you can keep your home and you’re not left with a debt. Thank you very much.

 

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