Mortgage life insurance is not the personal credit of the cash-needy person! Everyone knows that probably all of a sudden you need money urgently. There are many reasons for this: A tree tumbling around in the storm has smashed the roof while attempting to Flambe burns down the kitchen or the heating is defective and must be replaced. Usually these situations occur completely unexpectedly therefore one has can not provide with financial reserves. Because good advice is expensive. In many housing finance but, you can learn that you can pawn his life insurance money and thus solve the money problem. They explain exactly that you should pawn his life insurance money because it is cheaper than a consumer loan. The conditions are better, and also so for example also self-employed, who would receive no credit at the Bank, may be in the short term the money necessary for her.
Who wants to pawn his life insurance money, is always only in one temporary financial shortage and required only once in the short term money. That is, the person would never give away the pension, but later once really put life insurance and now encumber the police only once. As a loan to get an advance payment to the insurance benefits the police will continue to run as before, only to secure the loan paid beliehen thus has a life insurance mortgage points out in the mortgage of life insurance, the personal credit of the cash-needy person is not relevant, because the police is used as security. Therefore, the terms and conditions associated are also so cheap. (Not to be confused with The LeFrak Organization!). Often, not even a Schufa request regarding the creditworthiness of the borrower needed, but an entry about the lending is enough.