2007-03-19 02:17:37 · 12 answers · asked by tacho 4 in Business & Finance ➔ Careers & Employment
CRAWDASH YOUR A PLONKER
2007-03-19 02:40:29 · update #1
Most definitely not. It is a myth that they will and it is a myth that they pay the interest. It up to you to let the lender know that you are unemployed and they may allow you to miss a few payments. They will tolerate about 3 missed payments and then will be after you. Best thing is to take out a protection policy for this eventuality and you would then have the monthly payments taken care of. Beware though as there is a limit to the payments they will make.
2007-03-19 02:29:43 · answer #1 · answered by ANF 7 · 2⤊ 0⤋
I don't think so. You should have taken out a protection policy with your mortgage which ensures the interest will be paid if you become unemployed for any reason.
2007-03-19 09:21:22 · answer #2 · answered by finch 5 · 2⤊ 0⤋
You will need to check with the state where you are living to see what extra benefits they pay. Also, if you are married and your combined income is too great you may not qualify for some benefits outside of the unemployment insurance compensation.
2007-03-19 09:21:55 · answer #3 · answered by Christopher L 3 · 0⤊ 2⤋
They pay you so much a month, depending upon your most recent job income. You can use the $ however you see fit.
2007-03-19 09:22:59 · answer #4 · answered by Lone Papa 2 · 0⤊ 1⤋
you are drawing unemployment wages paid in by you and the employers...it has "NOTHING" to do with your mortgage...if you do not have an attached insurance policy to your mortgage for this type of situation...you still have to pay it ...call your lender to find out...
2007-03-19 09:27:26 · answer #5 · answered by Michael K 5 · 0⤊ 2⤋
no
it just pays you like a job it does not pay you extra for your bills
you may try social services you may get help from them
2007-03-19 09:24:11 · answer #6 · answered by elite_women_rule_the_rock 6 · 1⤊ 1⤋
The short answer to this is yes.
2007-03-19 09:25:06 · answer #7 · answered by VodkaChick 4 · 0⤊ 2⤋
aperantly they pay your interest on your mortgage
2007-03-19 09:20:17 · answer #8 · answered by Anonymous · 0⤊ 1⤋
as long as you are unemployed then yes they will pay it for you
2007-03-19 09:20:59 · answer #9 · answered by donzy_xxx 3 · 0⤊ 3⤋
CRAWDASH is really an A-hole, idiot.!!
Dr bad
2007-03-19 15:27:12 · answer #10 · answered by Anonymous · 2⤊ 0⤋