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What else can I help you with?
How long are you required to have mortgage insurance?
You will need mortgage insurance as long as you still have a balance to pay on your mortgage, so in essence for as long as you have a mortgage.
Can your homeowner's insurance premium be included in closing costs?
Your homeowners insurance premium SHOULD be included in your closing costs. Now as far as asking the sellers to pay for it--you can ask them to pay for anything--it's up to them whether or not to.
What is pmi insurance?
PMI is a type of mortgage insurance that insures the bank for repayment of the home mortgage. Banks generally make you pay for PMI insurance if you are within 80% of the appraised value of the home financed. For example if you have a home that is appraised at $200,000 and the balance on the mortgage is $160,000 or more then the bank will require you to carry PMI insurance. PMI insurance only covers the bank but the homeowner is the one who has to pay the premium.
Pay the Mortgage Insurance Premium at closing and in your monthly payment?
If it is an FHA loan, you will pay Upfront Mortgage Insurance (around 1.75% of the loan amount) at the time of closing ( usually added to the balance of the loan ). Then you will pay a monthly MI payment ( about .55% added to the interest rate) every month.
Can your insurance company refuse to pay your mortgage because you are going on holidays?
Insurance companies do not pay your mortgage for you regardless of if your on vacation or not.
How long are you required to have mortgage insurance?
You will need mortgage insurance as long as you still have a balance to pay on your mortgage, so in essence for as long as you have a mortgage.
How long pay insurance premium to Insurance Company after truck accident?
You will continue to pay insurance premium to renew the policy,irrespective of the claim to be submitted after truck accident.
Can your homeowner's insurance premium be included in closing costs?
Your homeowners insurance premium SHOULD be included in your closing costs. Now as far as asking the sellers to pay for it--you can ask them to pay for anything--it's up to them whether or not to.
When paying off a loan. Is mortgage insurance premiums still due?
No, unless it specifically states in the mortgage contract the last insurance premium is to be paid with the loan payoff. If you don't pay it all they can do is cancel your insurance which you don't want anymore.
What is pmi insurance?
PMI is a type of mortgage insurance that insures the bank for repayment of the home mortgage. Banks generally make you pay for PMI insurance if you are within 80% of the appraised value of the home financed. For example if you have a home that is appraised at $200,000 and the balance on the mortgage is $160,000 or more then the bank will require you to carry PMI insurance. PMI insurance only covers the bank but the homeowner is the one who has to pay the premium.
Pay the Mortgage Insurance Premium at closing and in your monthly payment?
If it is an FHA loan, you will pay Upfront Mortgage Insurance (around 1.75% of the loan amount) at the time of closing ( usually added to the balance of the loan ). Then you will pay a monthly MI payment ( about .55% added to the interest rate) every month.
What does insurance premium mean?
The premium is the cost that you must pay to have the insurance.
Can your insurance company refuse to pay your mortgage because you are going on holidays?
Insurance companies do not pay your mortgage for you regardless of if your on vacation or not.
What is the difference between mortgage loan insurance and mortgage life insurance?
Mortgage Insurance protects the LENDER in the event of a foreclosure and will pay any $$$ loss to them....no protection at all for YOU. Mortgage Life will pay-off your mortgage in the event YOU or the covered person dies.
What is a car insurance premium?
A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the full premium that pay each month.
Can my employer pay my health insurance premium?
Yes, your employer can pay for your health insurance premium as part of your employee benefits package.
Why didn't the mortgage company pay the insurance?
The mortgage company didn't pay the insurance because the homeowner is typically responsible for maintaining their own insurance coverage on the property.
