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A mortgage protection plan is an insurance policy on your mortgage that kicks in under certain circumstances and for a temporary period of time to help avoid a default. It would cover you in the case of a serious illness, disability, job loss, etc.

You should look for reviews of the program online, check with your local better business bureau for any complaints, call your lender for a list of carriers they approve and contact your state attorney general consumer division. You could also check out plans from well known, reputable companies.

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Q: How do you know if a mortgage protection program is legitimate?
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How do I know if I have Mortgage insurance?

i have mortgage and homeowner insurance and fidc risk insurance


Does mortgage insurance pay off mortgage for inheritors?

Mostly, mortgage insurance plans are made to protect the home of the insured, if they fall ill, meet an accident or discontinue their job due to some reasons. Even if they pass away while the mortgage insurance is active, the inheritors don't have to pay for anything and the insurance provider takes care of the pending mortgage debt as that family members can live in their home happily. Hence, the short answer is Yes, they do. If you are willing to know more about mortgage protection insurance, you can visit optinsure.com for the same.


How do you know if your mortgage will be paid off if you die?

You check to see if you purchased mortgage insurance.


Can a mortgage company sue for the entire amount of a second mortgage after foreclosure even though they received money to cover the first and some of the second after the sale of the property?

First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.


Was citifinancial mortgage company ever accused of predatory lending?

Please let me know what you find out....we are wondering the same thing with a mortgage loan we have with them at 10%.... Please let me know what you find out....we are wondering the same thing with a mortgage loan we have with them at 10%....

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If you are using a reverse mortgage calculator, you first need to plug in the variables that you know, such as loan amount, length of loan, interest rate. Then ask the program to calculate and it will find the unknown variables for you.


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