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You have motgage insurance through your leander. you become disabled will they make your payments?
Wiki User
∙ 16y ago
Mortgage insurance protects the LENDER ONLY. If your house were to burn down, they want to make sure they get their money. You are afforded NO coverage by mortgage insurance.
Wiki User
∙ 16y ago
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Why do you need a mortgage?
basically a motgage is the "pay" for your house. you pay the mortgage. its just a word that stands for what you pay to own your house.
What are the cons of an adjustable rate mortgage?
One of the cons of an adjustable rate mortgage is that interest rates could go up while you are still under your motgage.
What are Floridas motgage rates?
In the state of Florida a 30 year fix rate 3.58%. A 15 year rate is 2.88%. A 5/1 ARM is 2.75%. These rates are according to the mlcalc's online website.
Where can one find no credit check motgage?
Not possible ! Any mortgage broker will need to be sure you're financially capable of making the repayments on the sum loaned ! If you have a history of bad payment - they have a right to know you're a risk.
Where can I find more information on getting a mortgage with bad credit?
Check out this article about getting a motgage with bad credit... http://www.finweb.com/mortgage/need-a-mortgage-but-have-bad-credit.html You can learn more about getting a mortgage with bad credit, by visiting www.fha.gov, www.hud.gov, and www.mortgageloansbadcredit.com.
How do you reach out for help to warren buffett?
I have a motgage through Wells Fargo. My husband was seriously injured and has not been able to work since Dec 2008. How do I save my home now that we have lost half of our income.No one is willing to give us a break,including Wells Fargo.
What are some quality mortgage broker websites?
It seems that the highest quality motgage broker websites are those that offer some extra information and learning tools in addition to details about their services. Keeping this in mind the best sites seem to be Jeff Trounsell's webpage, Mortgage Advice Bureau and Bankrate.
After chapter 7 bankruptcy second mortgage was reaffirmed but not first mortgage if there is a foreclosure who gets their money?
In a foreclosure, creditors are paid in the order of their liens. A first motgage is paid first. Anything left over goes to the second, and if there is still anything left of proceeds, it goes to the third or to the debtor. Taxes and other municipal liens are paid before anything else.
Are there any problems that might arise with the trustee and courts from simply being pre-approved for a motgage loan while in chapter 13 repayment without seeking their approval to search first?
Perhaps, the safest procedure is to clear any major financial transaction with the trustee BEFORE it is initiated. A 13 can be dismissed for any number of reasons, not properly informing the court of the possibility of financial changes is a significant one.
What is difference between a Mortgagee clause and a loss payee clause?
Type your answer here... The motgage clause protects the mortgage holder even if insured breaches a condition of the policy e.g. insured not covered due to vacancy clause - mortgage holder will still be able to claim - by comparison, a loss payee would be out of luck - the only requirement on the insurer would be to include the loss payee on cheuqes resulting from the loss.
If your motgage was sold to another lender that was not included in your bankruptcy do they have the right to make you pay them money owed by the previous lender?
Yes. Mortgages (in fact all loans) by the way are bought and sold virtually daily by all types of financial organizations. its how they raise funds to make new loans, among other things. Frequently, you don't even know it happens (the servicing stays where it was). And obviously, it makes no difference to you. The terms don't change. Your agreement is simply to pay what you borrowed.
What is the effect of the thunder in Roll of Thunder Hear My Cry?
The thunder in "Roll of Thunder, Hear My Cry" serves as a symbol of the racially charged atmosphere in which the Logan family lives. It represents the turbulence and danger present in their community, especially for black individuals facing discrimination and violence. The thunder also foreshadows upcoming conflicts and struggles that the characters will face.
