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Do you need to notify mortgage co if you have changed your homeowners policy with a different Insurance Co?
Wiki User
∙ 14y ago
Generally your lender requires you to keep up-to-date proof of insurance on file with them.
Wiki User
∙ 14y ago
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In which states could one find Mortgage Net Branch companies?
You will be able to find a mortgage net branch company in any state, but they are regulated differently. Legislation has changed for them in recent years so they may operate under a different title.
Where can one find a list of the top 100 mortgage companies?
A list of the top 100 mortgage companies can be found in many places such as on the internet, at sites such as Wikipedia. On Wikipedia the list is frequently updated and changed live depending on the mortgage company rating.
How have bank mortgage rates changed since the housing bubble has burst?
Since the housing bubble burst, bank mortgage rates and decreased. This makes it more affordable for people to get a loan and be able to purchase a house.
Why do you need title insurance when you are refinancing?
The policy purchased on refinance covers the new lender, not you. Your title insurance (assuming you got an owners policy when you purchased) remains intact unless you have done something to end the coverage. Two types of Policies are typically issued on residential properties: Mortgage Policy and Owner's Policy. Mortgage Policy covers the lender for the life of the loan. If a new loan number is issued and the current mortgage is paid off, then a new Policy is required. The life of the loan is for as long as the LOAN is in effect. Any time a new loan is obtained and the current loan is paid off, a new Mortgage Policy will be issued. However, the refinance rate is typically lower than the basic rate you may have paid at closing. Owner's Policy protects your interest in the property for as long as you own the property, be that 1 year or 100. It is a one-time fee. However, typically a mortgage policy can be assigned to another lender if the mortgage is sold or assigned on the secondary market. (Note: the loan number would be the same, only the "owner" of the mortgage has changed.)
What does amended the mortgagee clause mean?
It means your mortgage company/loan ownership has changed. Your loan may have been sold and now the entity holding the lien on your property's "legal name" has changed. Or, your original mortgage company may have merged or been bought out -hence the entity's legal name change.
What if name was changed on mortgage afer death of deceased?
The name on a mortgage cannot be changed. A different person can become obligated on the mortgage if he guarantees it or the mortgage is refinanced.
Using a Mortgage Insurance Calculator?
Over the past decade, many banks changed their lending policies and began allowing borrowers to get a mortgage even if they didn't have a 20% down payment.� While they can receive a loan, those with less than 20% down are now required to pay mortgage insurance, which protects the bank in the event that the borrower defaults. � Prior to taking out a mortgage, it would be a good idea to use a mortgage insurance calculator to determine what your monthly mortgage insurance payment will be.� The calculator will determine the payment based on your loan balance, down payment, and credit score range.�
What is a home loan modification?
Home loan modification is a process by which the terms of a mortgage are changed to reduce the payments for homeowners who are struggling to make ends meet. This usually involves reducing the interest rate or extending the length of the loan. Your mortgage company should be able to walk you through the process.
Can rental insurance be changed if you move to a different apartment/ complex?
It's best to check with the insurance provider but you should be able to transfer it with no issues as the insurance is for yourself/your belongings, not the apartment building itself.
In which states could one find Mortgage Net Branch companies?
You will be able to find a mortgage net branch company in any state, but they are regulated differently. Legislation has changed for them in recent years so they may operate under a different title.
Do you have to add an adult child to your insurance who does not live with you who is learning how to drive with a learners permit?
This is a question best answered by your insurance agent or a call to your insurance company's 800 customer service phoneline.A bit more:Unless the insurance regulations have changed since I was a licensed auto and homeowners insurance agent: If your child is of legal adult age and not living with you, then no, you don't add him to your policy. Actually, many insurance companies wouldn't allow you to include an adult child (or any other adult) who does not live with you to your auto insurance policy.
How do I get my name off my parents mortgage interest statement from when the house was in my name years ago but changed?
If you signed a mortgage, your name won't come off until the mortgage is paid off.
When my father died the homeowners insurance was never changed to my name the deed was put in my name can this be grounds to be denied a claim on the policy?
Yes, you situation can result in a denial of coverage.Homeowners insurance is property and liability coverage specific to the property of the named insured(s). Since your father has died, You have to buy insurance in the name of the new owner
I would like to refinance my mortgage. I have a lender who will give me a 5.75 fixed interest rate on a 15 year mortgage. If this mortgage is sold can the interest rate be changed?
If it's truly a fixed-rate mortgage contract, then no, the rate won't change if the mortgage is sold to another lender. Check your contract for any gotcha clauses, though.
Who makes flood insurance rate maps?
The flood insurance rate maps are created cooperatively by the National Flood Program and the governing city/county where the property is located. If you are looking to get a flood zone determination to see if you can be changed to a better zone, search the Internet for "flood zone determination companies". There is a cost for this service, but can save you hundreds on the cost of insurance. Another suggestion is to speak to your neighbors about their flood insurance. You may discover that changing to a mortgage company that does not require flood insurance may be the best solution.
Is dental implant covered by insurance?
A couple of insurance plans will but most likely no and if you are born without the tooth it might be different for you but when i was told i had to get a implant they told me it was not covered under almost every policy but it changed cause i never had a tooth or a root.
Where can one find a list of the top 100 mortgage companies?
A list of the top 100 mortgage companies can be found in many places such as on the internet, at sites such as Wikipedia. On Wikipedia the list is frequently updated and changed live depending on the mortgage company rating.
