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Most all banks offer some type of mortgage protection. Not all customers will take advantage of it though but you can ask your bank if they do indeed provide it and what it covers.

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15y ago

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Where are the mortgage banks located in America?

Many banks offer mortgages and can be considered a mortgage bank. These mortgage banks such as Bank of America, can be found in any Metropolitan area and in most neighborhoods of any city in America.


What banks offer 30 year fixed rate mortgages?

Most any bank, whether it is brick-n-mortar or based online will offer a 30 year fixed mortgage. This type of mortgage is one of the standards in the mortgage arena. Finding a bank to offer this product shouldn't be a challenge, but make sure you are comfortable with the lender you choose and that you trust them and their history.


What are the key differences between mortgage protection insurance and life insurance?

Mortgage protection insurance is designed to pay off your mortgage if you die, while life insurance provides a lump sum payment to your beneficiaries when you die. Mortgage protection insurance is specific to your mortgage, while life insurance can be used for any purpose.


What benefits do Mortgage Market Guide's offer?

Mortgage Market Guides offer a wide variety of benefits. These guides contain content needed when refinancing a mortgage, or engaging in any mortgage related service.


Do any websites offer good mortgage quotes?

There are literally thousands of websites that offer free mortgage quotes. The most reliable and free quote website is www.quickenloans.com/Mortgage. Good luck with your mortgage.


Do banks ask for the proof of US citizenship when applying for a mortgage loan assuming that it's a regular loan that doesn't benefit in any way from taxpayer money?

No! In recent years banks offer and approve mortgage loans for non US citizens regardless of the money source. Programs designed specifically to attract said business were announced by Wisconsin banks, and others in early 2005, in the Wall Street Journal. No! In recent years banks offer and approve mortgage loans for non US citizens regardless of the money source. Programs designed specifically to attract said business were announced by Wisconsin banks, and others in early 2005, in the Wall Street Journal.


What is the difference between mortgage protection and life insurance?

Mortgage protection insurance is designed to pay off your mortgage if you die, while life insurance provides a lump sum payment to your beneficiaries when you die, which can be used for any purpose.


Does Bank of America offer reverse mortgages?

Yes, you can get a reverse mortgage from Bank of America. In order to see if their rates are any better than Wells Fargo, you will have to call both banks and give them some information about you.


Where can one find information about a no income verification mortgage?

The best place to get information on no income verification mortgages would be to contact local banks and mortgage brokers and see if they still offer this option. You could also try contacting private lending services and see if any of them could help you.


Is Mortgage Protection Life Insurance a good idea?

Mortgage Protection Life Insurance is a good idea if you want to protect your mortgage. It pays the outstanding balance of your mortgage if the mortgagor (insured person) dies. Mortgage protection life insurance coverage is usually in the form of decreasing term insurance, with the amount of coverage decreasing as the outstanding mortgage debt decreases. Usually, the proceeds of the mortgage protection life insurance are paid to the beneficiary, which is the mortgage company holding the mortgage loan. Some people choose instead to buy level term life insurance in the amount of the mortgage, and the benefits are paid to the insured's beneficiary (family member), who in turn can use the proceeds for any reason, including to pay the mortgage.


What is the difference between mortgage loan insurance and mortgage life insurance?

Mortgage Insurance protects the LENDER in the event of a foreclosure and will pay any $$$ loss to them....no protection at all for YOU. Mortgage Life will pay-off your mortgage in the event YOU or the covered person dies.


What services might a mortgage adviser offer?

If you are asking for a mortgage, you are probably wondering what services you will be provided with from your adviser. Well, here are a few of them. The adviser will give you an explanation about different kinds of mortgages as well as helping you completing the mortgage application. They will explain all details about repayments and protection and they will be always available if you need any further help in a future.