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What else can I help you with?
How does one end Private Mortgage Insurance?
Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.
What actions are typically taken by a lender if auto insurance is cancelled or expired and how long is the grace period?
Most finance/lease contracts allow the lender to either take the car back or purchase insurance and then charge the customer for it on their loan. The insurance the lender would buy is very expensive. As far as I know, there is not a grace period. Find out what car dealers don't want you to know at www.dealertricks.com
How good is pekin insurance, and how much do they charge?
Based on current reviews, Pekin Insurance seems to be a relibial insurance company. To see how much money they would charge you would first have to get a quote from the insurance company.
Do Mortgage insurance premiums payments have be escrowed by the lender?
Yes, Mortgage Insurance Premiums Payments do have to be es-crowed by the lender.
If you refinance with the same lender is title insurance required?
When refinancing with the same lender, title insurance is typically not required, as the lender already holds the title insurance policy from the original mortgage. However, this can vary based on state regulations and the lender's specific policies. It's advisable to check with your lender to confirm their requirements for refinancing.
How much flood insurance can a lender require?
As much as they want. Usually, enough to cover the rebuild cost or loan...whichever is greater.
Are the Lender of a repossession allowed to charge a storage fee and a repossession fee in the state of California?
In the state of California, the lender of a repossession may only charge fees that it incurs and that are in the contract. If the lender pays for the storage or houses the repossession, then yes, the lender is allowed to charge both a repossession and a storage fee.
What type of insurance should a cosigner obtain on a car?
The insurance reuire by your lender.
What is the cost of title insurance in Massachusetts Plymouth county for a 355000.00 home?
Most lender insurance is $2.50 per $1000 of the loan and owner's insurance (which includes lender's insurance as well) is $3.75 per $1000 of the sale price of the home plus $175. It's not fixed or regulated in MA, so prices may vary. So, if you paid $355,000 for a home, owner's & lender's insurance combined would be $1,506.25 at these prices. If you got a loan for 95% of the cost ($337,250) and didn't want owner's insurance, the cost of lender's insurance would be $843.13. Lender's insurance is mandatory, owner's is optional. Owner's lasts until you sell the home, I believe lender's would have to be purchased again if you refinanced.
Can lender reposses car or lack of insurance?
Yes, if you don't have full coverage insurance the collateral is in jeopardy. In other words if you were to total your car the lender has no collateral.
What is a deed of postponement?
Deed Of Postponement(DOP) If the customer has a mortgage with Lender 1 then this lender already has a charge at the land registry. How if the customer approaches Lender 2 for a Secured Loan, then Lender 2 should send a DOP asking Lender 1 if they agree for them to be second charge holder. This letter gives Lender 1 priority over Lender 2 when it comes to releasing the charge. IF the customer is unable to continue with the mortgage and would like to sell the house, Lender 1 will first get the proceeds that the customer owes to them and if anything is left goes to Lender 2
What is the importance of lender's title insurance in the refinance process?
Lender's title insurance is important in the refinance process because it protects the lender from financial loss due to any title issues that may arise with the property. This insurance ensures that the lender's investment in the property is secure and helps to prevent any potential legal disputes that could affect the refinance transaction.
