Mortgage Protection Plan
First Foundation is proud to offer our Canadian mortgage clients the best in mortgage life insurance. As proud partners with the Mortgage Protection Plan, we believe that we are able to offer one of the most beneficial creditor life policies available.
At First Foundation, along with Mortgage Protection Plan, we believe that every Mortgage should be protected and that No Canadian should lose their home due to a death or disability, regardless of what life throws their way.
We also understand that not everybody needs Mortgage Protection Plan. Some people will have alternative forms of protection. But, as Mortgage Brokers, it is our job to make sure that our clients receive an offer of protection and an opportunity to take advantage of that protection that is available to them.
A few facts to consider:
- 1 in 4 Canadians will experience some form of heart disease or Stroke. 60% of stroke victims are left with a disability.
- 80% of foreclosures are due to ill health
- 75% of stroke victims survive the initial event
- Up to 80 % of stroke survivors return to their homes, still requiring assistance for daily living.
( Source: Advisor’s Edge Report May 2008)
Some facts about Mortgage Protection Plan:
- Coverage is portable from lender to lender, in case you move your mortgage, and from home to home
– Coverage is underwritten at the time of application, not at the time of claim.
– MPP offers level premiums for the length of the amortization up to 35 years
– MPP offers a 60 day Money-back Guarantee
– Coverage starts immediately once your application is submitted
For more information, or to obtain a quote:
Mortgage Rates
| Term | Mortgage Rates |
| 1 Year | 2.89% |
| 2 Year | 2.89% |
| 3 Year | 2.79% |
| 4 Year | 2.99% |
| 5 Year | 3.19% |
| 7 Year | 3.99% |
| 10 Year | 3.89% |
| ARM / Variable | 2.90% |
| Line of Credit | 3.50% |
Last updated January 31, 2012
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