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Hi,
Mortgage is a debt instrument where a person takes a loan by pledging some real estate property against it and pays back the loan in installments. However, according to the statistics the problem of missold mortgagecomes almost hand in hand with the usage of mortgage. At the time when mortgages are being sold the brokers does not fully disclose information in front of the customers. And the customers trusting the advice of the brokers sometimes end up buying overly priced mortgages which makes it difficult for them to keep pace with their required installment payments.
Payment Protection Insurance (PPI) on the other hand, is a policy which is used to cover debt in case a person becomes unable to earn like if a person dies, looses the job, becomes handicapped or ill. In such circumstances the insurance company will pay for the installments. However, this is not how it happens the insurance companies at times refuse to pay the installments when the borrowers claim. There are also other problems associated with buying this policy; many times borrowers have no idea that they are acquiring PPI policy along with mortgage loans. Also sometimes PPI is forcefully added to the policy and there are also case where buyers are not given full information and they end up buying PPI at higher rate. These are all the problems of missold PPI.
Regards,
Brett
What else can I help you with?
How do you record a 2nd mortgage?
You file it in the same registry as the first mortgage.
What is the meaning of mortgage foreclosure?
Mortgage foreclosure is a process by which a person, who has a mortgage on land, legally sells that same land. A mortgage can be defined as a property loan.
What is a commercial mortgage?
A commercial mortgage is not the same as a residential mortgage. A commercial mortgage applies to commercial buildings or businesses. Businesspeople take out commercial mortgages.
Is a loan for land the same as a mortgage?
No, a loan for land is not the same as a mortgage. A loan for land is specifically for purchasing land, while a mortgage is a loan used to purchase a property, which may include land and a building.
Fixed Rate Mortgage vs. Interest Only Mortgage?
Fixed Rate Mortgage vs. Interest Only Mortgage A fixed rate mortgage has the same payment for the entire term of the loan. Use this calculator to compare a fixed rate mortgage to Interest Only Mortgage.
What is PPI and EPI of yarn?
PPI
What are some of the services that emc mortgage offers?
EMC Mortgage LLC, formerly known as EMC Mortgage Corporation primarily offer residential mortgages. They have a smaller subsidiary that handles business transactions and banking insurance (namely third party payment protection insurance, PPI for short)
How do you claim mis-sold ppi?
If you have missold PPI then you are entitled to make PPI claim for it. Before making PPI claim you must ensure that you are declared unable to pay installments of PPI. You should also have proper documents associated to PPI claim in order to file claim against it. It is suggested to take help of PPI claim lawyers for success of PPI claim.
When was Ppi Media created?
Ppi Media was created in 1984.
Where can information on mortgage life insurance leads be found?
Information on Mortgage Life Insurance Leads can be found on the Generating Life Insurance Leads website. Examples of the market they provide for are PPI claims, IVA and debt management and Telecoms and Satellite services.
In PowerPoint how to insert images with a fixed size to obtain uniform size of pieces?
I think I know what you are asking. PowerPoint uses 96 ppi standard. So set your ppi in photoshop to 96 ppi also. That should keep them the same when you copy/paste into each other.
Is 72 ppi the same as 300 dpi in terms of image resolution?
No, 72 ppi is not the same as 300 dpi in terms of image resolution. PPI (pixels per inch) refers to the number of pixels in one inch of a digital image, while DPI (dots per inch) refers to the number of printed dots in one inch of a physical printout. A higher DPI results in a higher quality printout compared to a lower PPI image.
When was PPI Motorsports created?
PPI Motorsports was created in 1979.
When did PPI Motorsports end?
PPI Motorsports ended in 2006.
What is the population of Ppi Media?
The population of Ppi Media is 150.
What is the difference between 72 ppi and 300 ppi in terms of image resolution?
The difference between 72 ppi and 300 ppi in image resolution is the level of detail and clarity. 300 ppi provides a higher resolution and sharper image quality compared to 72 ppi. This means that images with 300 ppi will appear crisper and more detailed when printed or viewed on high-resolution screens.
When is the next exhibition of ppi?
The next exhibition of PPI will be held on February, 2017.
