Don't fear the pink slip 

Flickr photo by woodleywonderworks.

Payment protection plans that promise to cover homebuyers' mortgage payments for a time if they lose their jobs are becoming an increasingly popular marketing tool for mortgage lenders, homebuilders and Realtors.

But consumer advocates question the value of such "single event" insurance policies, and warn that a payment protection plan shouldn't be the deciding factor in whether or not to move forward with a home purchase.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.