Send your mortgage company a "qualified written request" in the mail. They are required to respond to such a letter in 60 days. Please visit the links below.
Yes, bankruptcy protect you from foreclosure by your mortgage company. You can read more at www.hirby.com/mortgage-lender-filing-for-bankruptcy
Your mortgage company is listed on your insurance check because they have a financial interest in your property and want to ensure that any repairs or damages are properly addressed to protect their investment.
The mortgage company is listed on your insurance check because they have a financial interest in your property and want to ensure that any repairs or damages are properly addressed to protect their investment.
The easiest way would be to make all the payments on time to the mortgage company or bank.
The purpose of mortgage protection life insurance is to protect the home from being lost in the event the mortgagee passes away. The life insurance will pay off the balance of the existing mortgage to the finance company.
Yes, bankruptcy protect you from foreclosure by your mortgage company. You can read more at www.hirby.com/mortgage-lender-filing-for-bankruptcy
Your mortgage company is listed on your insurance check because they have a financial interest in your property and want to ensure that any repairs or damages are properly addressed to protect their investment.
The mortgage company is listed on your insurance check because they have a financial interest in your property and want to ensure that any repairs or damages are properly addressed to protect their investment.
The easiest way would be to make all the payments on time to the mortgage company or bank.
If your "advisor" was handling all your financial arrangement for the house, AND he negotiated a mortgage to pay for it - then the mortgage company would REQUIRE that there be an insurance policy on the house in order to protect their monetary interest in it.
The purpose of mortgage protection life insurance is to protect the home from being lost in the event the mortgagee passes away. The life insurance will pay off the balance of the existing mortgage to the finance company.
"Most people do not understand the purpose of PMI insurance. I know it is to protect the mortgage company from risk, but it almost seems like it's just another fee to add to the payment."
Your mortgage company is charging you for hazard insurance to protect their investment in your home in case of damage or destruction from events like fires, storms, or other hazards. This insurance helps ensure that the property remains valuable and can be repaired or rebuilt if necessary.
The contact number for True Credit.com is 855-681-3196. The company helps you to monitor your credit rating and protect that rating.
The the person who owns the mortgage (mortgagee) wants to protect their investment.
Private mortgage insurance (PMI) protects borrowers by covering the lender's losses if the borrower defaults on their mortgage payments. This insurance allows borrowers to qualify for a mortgage with a lower down payment, but it does not protect the borrower directly.
If you have mortgage insurance that covers the reason of your income loss (disability, involuntary unemployment) then the insurance company will pay the premiums according to your policy's benefits schedule. If you don't have mortgage insurance, you can use savings, retirement funds, borrow money, or you can try to negociate your mortgage terms with your lender. Unfortunately, many mortgage clients believe they don't need mortgage insurance and they find themselves forced to file for bankruptcy and lose their home if something happens. The PMI (private mortgage insurance) will protect your mortgage payments and help you keep your home!