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Mortgage Insurance

Mortgage insurance protects investors or lenders for losses due to mortgagor’s default on payments or death. It can either be mortgage life insurance, private mortgage insurance or mortgage title insurance depending on the insurer.

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What was the purpose of judiciary act?

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The purpose of the Judiciary Act of 1789 was to establish the federal court system in the United States. It laid out the structure of the federal judiciary, including the creation of the Supreme Court and the lower federal courts, and defined their jurisdiction and powers. It also helped to clarify the relationship between state and federal courts.

Insurance who is the best?

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In the US, There are many insurance such as Life Insurance, Home Insurance, Medicare Insurance, and Renter's Insurance but the most important one is Auto insurance.

Since there are more vehicles on the roads of the US having auto insurance is necessary for the protection of your vehicle as well as for you and the other side of a person. Auto Insurance is not only important but a necessary thing in the US.

Due to this, there are many insurance agents as well in the US which not only provide auto insurance but also insurance like home life and health. Due to this many insurance agents run out of Insurance clients. This is where the need for insurance leads arises.

Many insurance Leads providers provide insurance leads such as Prospects for Agents. Prospects for Agents provide the best insurance leads at an affordable price. Check out their site for more knowledge.

What was the purpose of the Book of Acts?

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The Book of Acts in the Bible serves as a continuation of the Gospel of Luke, focusing on the early Christian church's beginnings and spread of Christianity. It highlights the works of the apostles, particularly Peter and Paul, and the empowerment of the Holy Spirit in the growth of the church.

Does mortgage insurance pay off mortgage for inheritors?

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Mostly, mortgage insurance plans are made to protect the home of the insured, if they fall ill, meet an accident or discontinue their job due to some reasons. Even if they pass away while the mortgage insurance is active, the inheritors don't have to pay for anything and the insurance provider takes care of the pending mortgage debt as that family members can live in their home happily. Hence, the short answer is Yes, they do. If you are willing to know more about mortgage protection insurance, you can visit optinsure.com for the same.

Can a bank foreclose when the original loan does not have the necessary signatures?

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This very thing became an issue with Bank of America and Chase in Florida in 2008. Since then, it has been extremely difficult for banks to foreclose without the proper documents. If you are facing foreclosure, contact an attorney (or your local legal aid office) for help.

Does homeowners insurance pay off your mortgage if one of the homeowners dies?

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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.

What is hazard insurance for a mortgage?

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Hazard insurance protects a homeowner against the costs of damage from fire, vandalism, smoke and other causes. When you take out a mortgage, the lender will require you to take out hazard insurance to protect their investment; many lenders will incorporate the insurance payment into your monthly mortgage payment.

What is the website for chase mortgage insurance claims?

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Any problems that arise should be handled by calling 1-800-848-9136 or if it after midnight Monday through Friday and after 8pm on Saturday {closed on Sundays} call 1-800-582-0542.

What type of life insurance is often used as mortgage insurance?

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The type of life insurance that is more than often used as mortgage insurance is known as decreasing term.

Can you deposit a hail damage check in to your checking account that is made out to you in to mortgage company?

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Not legally no. Since it's a two party check, both recipients are required to sign off before cashing the check

Is ppi the same as mortgage loanguard?

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Hi,

Mortgage is a debt instrument where a person takes a loan by pledging some real estate property against it and pays back the loan in installments. However, according to the statistics the problem of missold mortgagecomes almost hand in hand with the usage of mortgage. At the time when mortgages are being sold the brokers does not fully disclose information in front of the customers. And the customers trusting the advice of the brokers sometimes end up buying overly priced mortgages which makes it difficult for them to keep pace with their required installment payments.

Payment Protection Insurance (PPI) on the other hand, is a policy which is used to cover debt in case a person becomes unable to earn like if a person dies, looses the job, becomes handicapped or ill. In such circumstances the insurance company will pay for the installments. However, this is not how it happens the insurance companies at times refuse to pay the installments when the borrowers claim. There are also other problems associated with buying this policy; many times borrowers have no idea that they are acquiring PPI policy along with mortgage loans. Also sometimes PPI is forcefully added to the policy and there are also case where buyers are not given full information and they end up buying PPI at higher rate. These are all the problems of missold PPI.

Regards,

Brett

How long do you pay for mortgage insurance premium?

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You have the option to get a mortgage insurance for the length of your mortgage contract, or you can choose 10 years, 15 years, 20 years, 40 years, etc.

What is the phone number for wells Fargo home mortgage insurance department?

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wells fargo ffb #708

springfield ohio 45501

need phone

Can you drop hazard insurance from your mortgage?

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You need to review your mortgage documents. You signed a contract and you need to determine what the terms are regarding insuring the premises.

You need to review your mortgage documents. You signed a contract and you need to determine what the terms are regarding insuring the premises.

You need to review your mortgage documents. You signed a contract and you need to determine what the terms are regarding insuring the premises.

You need to review your mortgage documents. You signed a contract and you need to determine what the terms are regarding insuring the premises.

Is life insurance needed if you pay off a mortgage?

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After you've paid off the mortgage, whether or not you have life insurance is between you and the family members you expect to outlive you.

Is private mortgage insurance available in Pennsylvania?

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Yes private mortgage insurance is available in Pennsylvania. Private mortgage inusrance is available in all states you just need to look around and find a place that deals in private insurance.

How long are you required to have mortgage insurance?

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You will need mortgage insurance as long as you still have a balance to pay on your mortgage, so in essence for as long as you have a mortgage.

What is optional products package on my mortgage bill?

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An optional products package on a mortgage bill is usually a sales promotion by the lender for services like supplemental mortgage life insurance, bi-weekly payment servicing or disability insurance. Lenders feel they have a captive market with their existing customers and include these types of promotions to sell additional products. You are not required to use them and in fact, the practice has come under scrutiny by regulatory agencies for misleading and deceptive sales practices. Before electing to use any of the optional services shown on the bill, be sure to shop and compare the same services with outside vendors to compare costs and features.