In some mortgages insurance is included in the payment, but in others it isn't. If you don't know what you have you need to check.
Homeowners insurance does not cover your mortgage if you become disabled. You would need to obtain mortgage protection insurance for that.
Only a lien holder can require a borrower to carry insurance.
No. Homeowners Insurance does not cover the owners default on a mortgage note.
Which of these provides the funds needed for expenses such as property taxes, homeowners insurance, mortgage insurance, etc.?
No, it won't pay your mortgage note or your equity line note, but your homeowners insurance will pay to repair the fire damage to your home.
Homeowners insurance does not cover your mortgage if you become disabled. You would need to obtain mortgage protection insurance for that.
No. This is not what homeowners insurance is for. Homeowners insurance is to pay for physical damage to your home and contents.
Mortgage InsuranceNo, Mortgage Insurance is NOT Homeowners Insurance. Mortgage Insurance does not cover your home at all.Mortgage Insurance covers your finance note, not your home.
No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.
yes you do obamas new rule
Only a lien holder can require a borrower to carry insurance.
No. Homeowners Insurance does not cover the owners default on a mortgage note.
Which of these provides the funds needed for expenses such as property taxes, homeowners insurance, mortgage insurance, etc.?
NO, your homeowners policy will cover 'additional living expenses' but will not cover your mortgage.
No, it won't pay your mortgage note or your equity line note, but your homeowners insurance will pay to repair the fire damage to your home.
if the house has a mortgage you have a mortgage payment, property taxes, homeowners insurance. then your utilities water/sewer, gas, electric, telephone and cable.
yes...........but you will pay a much higher interest rate and your homeowners insurance will also be much higher Probably not.