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Do you have to have have homeowners insurance with a credit line?
Yes, if the line of credit is a home equity line where the home is the collateral for the loan then you will have to prove that you have insurance on the home for the home equity loan. Any time you use collateral for a loan then part of the loan agreement will involve proof of insurance on the collateral.
What is the best car insurance India company Is there a loan company that do not require insurance on the car?
The best motor plan coverage India for you will depend entirely upon your specific requirements related to insurance cover, premium and a lot more. You need to get into a serious comparison for best auto comparison for insurance online. No. There is no loan company in India that will not ask you for insurance on the car.
What companies offer home loan insurance?
There are many companies which offer home loan insurance. These include the ICICI Bank, HDFC Life and SBI Life. Another company to offer this insurance is HLIC.
What is an insured home loan?
You can buy special life insurance which pays off your home mortgage if you die.Maybe that is what you meant by "insured home loan".
Do i need to have home owners insurance in order to get a home equity loan?
Yes,you do.
Is it legal for the bank to require you to purchase home owners insurance for 3 times the value of the loan?
Your homeowners insurance in the United States must by law cover the value of the home being insured with no more than a 20% deviation. This may be more or less than the amount of your loan. No insurer will knowingly sell you a home insurance policy below the home value as such an insurance contract would be invalid. Homeowners insurance is for the home, not for the loan. You can purchase your homeowners insurance based on actual cash value of the home or on the replacement cost of the home. If you only want to insure a mortgage loan amount, that's what mortgage insurance is for.
Best home loan bank in India?
As of my last update in September 2021, there isn't a single "best" home loan company in India, as the suitability of a company for a home loan can depend on various factors, including your specific financial situation, the property you intend to purchase, interest rates, loan terms, and customer service. THE BEST COMPANY FOR HOME LOANS IS GRDINDIA GRDINDIA PROVIDES THE BEST HOME LOAN AT A MINIMUM INTEREST RATE
When going to university is it compulsory to get a student loan?
No
What happens to a loan on a car when the loan holder dies and there is no cosigner or insurance on the loan?
The loan must be paid out of the estate (sell of home, life insurance policy, etc...) Otherwise, the estate will be held up in litigation and will not be closed or the beneficiaries will be forced to pay the loan.
What should a good home loan calculator have on it?
It should allow you to put in the cost of the home, your down payment, interest rate, insurance cost, and years on your loan. Most home loan calculators will at least have this basic information on it.
How can I get a home renovation loan?
After a small kitchen fire, we have to get it fixed up. We are looking at doing more then what the insurance paid for and will need to get a loan for the remainder. How would I go about finding a home renovation loan?
What are the usual terms for a home equity loan?
The usual terms for a home equity loan are that the person takes out the loan using their home as insurance against the loan not being repaid. The loan can last any number of years depending upon its size and length agreed with the loaning company.
