If you co-sign a car loan and the primary borrower passes away, you may become responsible for repaying the loan. It is important to carefully consider the risks before agreeing to co-sign a loan.
borrower dies then it is not suitable that amount recovered from gaunter because of person taking guaranty of live person nor death
If a parent borrower passes away, the responsibility for paying off a Parent PLUS loan typically falls to the borrower's estate or the student who benefited from the loan.
The timeframe for repayment of a reverse mortgage is typically when the borrower moves out of the home, sells the home, or passes away.
It passes to the deceased's estate upon proof of death.
Credit life insurance on auto loans is important because it helps protect the borrower's family from financial burden in case the borrower passes away before the loan is fully repaid. This insurance ensures that the loan balance is paid off, relieving the family from the responsibility of the debt.
borrower dies then it is not suitable that amount recovered from gaunter because of person taking guaranty of live person nor death
The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.
If a parent borrower passes away, the responsibility for paying off a Parent PLUS loan typically falls to the borrower's estate or the student who benefited from the loan.
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The timeframe for repayment of a reverse mortgage is typically when the borrower moves out of the home, sells the home, or passes away.
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It begins to melt.