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Do i need my lender to sign insurance claim check if they are my bank and mortgage company?
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Will refinancing your mortgage remove the mortgage insurance from your loan?
Actually, you may not have to go as far as refinancing to remove the mortgage insurance. If you have paid down the principle and have equity, you may have reached the percentage where your lender does not require mortgage insurance. Check with your lender and read your note to see where you stand.
Is there mortgage insurance in case of death?
Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.
How do you cash check from homeowner insurance claim that includes mortgage company?
Endorse the check & send it to your Mortgage company. They will decide how much you get from it.
How do you find out if your deceased relative had mortgage life insurance?
One way is to check with the lender. Most lenders have affiliations with mortgage life insurance companies to provide this service and in most cases the insurance premium is included in the mortgage payment.
What mortgage insurance can you cancel after paying it for 2 years?
Do u really need mortgage insurance? Do u have any other life insurance policy? If yes, then that policy is sufficien. Just check that its amount is enough to cover your CURRENT mortgage amount. feel fre to contact back. Answer Mortgage insurance is usually required by the lender if the loan is in excess of 80% of the loan value of the property. A mortgage insurer is usually an investor or a group of investors. In most states there is no requirement for mortgage insurance when the loan is 80% or below the value of the property. A simple letter to the lender will usually get the mortgage insurance cancelled. If your home is in an area where values are increasing rapidly, then it is quite possible that you will have enough equity to drop the MI after only 2 years. Contact your lender
Do you endorse your insurance claim check before you send it to the mortgage company for them to endorse?
You need to call your lender and inquire about its procedure.
Will refinancing your mortgage remove the mortgage insurance from your loan?
Actually, you may not have to go as far as refinancing to remove the mortgage insurance. If you have paid down the principle and have equity, you may have reached the percentage where your lender does not require mortgage insurance. Check with your lender and read your note to see where you stand.
Is there mortgage insurance in case of death?
Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.
How do you cash check from homeowner insurance claim that includes mortgage company?
Endorse the check & send it to your Mortgage company. They will decide how much you get from it.
How do you find out if your deceased relative had mortgage life insurance?
One way is to check with the lender. Most lenders have affiliations with mortgage life insurance companies to provide this service and in most cases the insurance premium is included in the mortgage payment.
Are you required to have flood insurance by law?
In general, flood insurance is not required by law for all properties. However, if you have a mortgage on a property located in a designated high-risk flood zone, your lender may require you to have flood insurance. It's always a good idea to check with your insurance provider and lender to understand your specific requirements.
What mortgage insurance can you cancel after paying it for 2 years?
Do u really need mortgage insurance? Do u have any other life insurance policy? If yes, then that policy is sufficien. Just check that its amount is enough to cover your CURRENT mortgage amount. feel fre to contact back. Answer Mortgage insurance is usually required by the lender if the loan is in excess of 80% of the loan value of the property. A mortgage insurer is usually an investor or a group of investors. In most states there is no requirement for mortgage insurance when the loan is 80% or below the value of the property. A simple letter to the lender will usually get the mortgage insurance cancelled. If your home is in an area where values are increasing rapidly, then it is quite possible that you will have enough equity to drop the MI after only 2 years. Contact your lender
Will you be notified about a foreclosure if you are on the title but not on the note?
Yes. The lender will check the title and if you have acquired an interest since the mortgage was granted you should receive notice.Yes. The lender will check the title and if you have acquired an interest since the mortgage was granted you should receive notice.Yes. The lender will check the title and if you have acquired an interest since the mortgage was granted you should receive notice.Yes. The lender will check the title and if you have acquired an interest since the mortgage was granted you should receive notice.
I cancelled my home insurance with one company and opened a new policy with a different company but had overlapping coverage for a short time am I entitled to a refund.?
It depends on whether you have a mortgage loan or not. The previous insurance company will send you a check for the excess amount paid to them, but if there is a lien on your property and your insurance check is set up in an escrow account, then you will have to sign and forward that check to your lender. That money will then go into the escrow account and sit there until the lender does a yearly evaluation and sees that your escrow account has an excess amount of money in it. Then you will get a refund on your overpaid insurance premiums. I am going through the exact same thing right now as I have just recently switched companies myself.
How do you get your mortgage company to endorse an insurance check if your house?
By providing them with proof that you have already made all repairs.
21st Mortgage Company is a Tennessee mortgage company and their web page says they do not offer financing in Massachusetts so how did they end up with my home mortgage?
The may have acquired your mortgage through an assignment from an affiliate. Also, they may be a servicing agent for the original lender. You can check the local land records to determine if an assignment of mortgage was recorded.
Are online home lenders as reliable as using a local mortgage lender?
It really depends on the company you choose to go with. Check with local mortgage lenders to see what options are available to you and also check the online home-lenders to see how others have fared with them.
