If you have a mortgage on your home, you may have received several offers from insurance companies that sell coverage to pay off your mortgage in the event you die unexpectedly. Although insurance in general is a good idea, mortgage insurance is usually a poor value in most cases.

If you read the large print, it appears that the policy will protect your family if you die before your mortgage is paid off. All you have to do is fill out the paperwork, have a physical exam, and pay a little more each month. The fine print, however, may limit the coverage relating to accidental death. If there are two people on the deed of trust, the policy may pay only half if one of them dies.

When considering mortgage insurance, call a good insurance agent before you send in your forms. Insurance experts usually advise against separate policies to cover various contingencies. A regular term life insurance policy equal to the amount of your mortgage will probably offer you a lot more coverage for your money.

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Brenda Fontaine
Fontaine Family - The Real Estate Leader
336 Center Street
Auburn, ME. 04210
Office: 207-784-3800
Fax: 207-786-2957
Email: WebForm@FontaineTeam.com

Brenda Fontaine became a Real Estate Agent in 1983. Brenda has helped over 5000 families buy and sell their home. Brenda ranked NUMBER 1 for a nationwide franchise for "Top All Around Realtor" for 6 years. Brenda's success is due in part, to her caring attitude, her consistent follow through and also her strong work ethic. Brenda is supported by an experienced and dedicated team of licensed professionals that consist of a client care manager, Melissa Field, marketing manager, Crystal Bergeron, showing/feedback coordinator, Angie Larochelle, field Coordinators, Claude Fontaine & Tammy Soucy, listing manager, Marie Beaulieu, Business Development, Karen Gruver and ten Listing & Buyer agents, Bill Bergeron, Clayton Larochelle, Beth Favreau, Deb Morin, Nick Trider, Harriet Cummings, Pat Long-Cressey, Chad Sylvester, Nate Rudy, Cindy Morin & Jeanne Martin. The Family team of nineteen licensed professionals work together to help families buy and sell their property. They want to be your "Realtors for life" and they will give you superior service to earn that honor. The Wall Street Journal recently posted America's Top Performing Real Estate Professionals on their website. (wsj.com) Amongst the top 1,000 is local real estate team of professionals The Fontaine Family Team who ranked 46th on America's Top Performer list, located at 336 Center St. Auburn, ME 04210

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