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Qualifying For a Mortgage
December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more...

Fannie Mae Under the Gun
17 January 2005 The Accounting Scandal at Fannie Mae "The media has been full of stories recently about accounting scandals at Fannie Mae?Is this another Enron? What does it mean to John Q. Public?" It is an accounting scandal, and heads have rolled as a result, but it is not ... more...

freddie mac hazard insurance requirements related definitions

Hazard Insurance
Hazard Insurance A type of insurance that protects the property insured against specified losses such as fire, tornadoes, earthquakes, etc. Often, mortgage lenders require borrowers to maintain an amount of hazard insurance on the mortgaged property that is equal to the amount of ... more...

Title Insurance
Title Insurance A policy, issued by a title insurance company, which insures a home buyer against errors in the title search. The cost of the policy is usually a function of the value of the property, and is often borne by the purchaser and/or seller. Policies are also available ... more...

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Insurance Glossary
Assured - Those insured under the terms of an insurance policy.Benefit - The money paid to the policyholder when a claim is made.Bid Price - The selling price or cash-in value of your unit holdings.Bonus - Relates to a with-profits policy. The amount of money added to the benefit payable under the ... more...

Insurance Glossary of Terms
Assured - Those insured under the terms of an insurance policy.Benefit - The money paid to the policyholder when a claim is made.Bid Price - The selling price or cash-in value of your unit holdings.Bonus - Relates to a with-profits policy. The amount of money added to the benefit payable under the ... more...

The Advantages of Term Life Insurance.
There are two main types of life insurance that are available to everyone; there is whole life insurance and term life insurance. Many people are unaware even of the existence of term life insurance, which is a shame because term life insurance is usually much cheaper than the whole life insurance ... more...

Life Insurance Basics
One of the most important things you can do as parents is to ensure the financial welfare of your children in the event of your death. Life insurance is the best way to be rest assured that your children will be taken care of if you die. Although we never like to think of that kind of thing ... more...

Why Should You Purchase Your Auto Insurance Online?
If youre interested in slashing your auto insurance bill in half then theres no reason why you shouldnt consider purchasing auto insurance online. Buying your auto insurance online is extremely easy and very convenient. The process is fast and only requires filling out a simple form. The best ... more...

What You Don't Know About Auto Insurance
Most people understand that they need auto insurance. In fact, its the law, if you drive a car, it has to be insured and the penalty for driving without insurance is pretty severe. However, insurance policy wordings are not easy for everyone to understand. And what you dont know about auto ... more...

Save Money on Life Insurance
In some states and provinces, people are choosing to live without insurance because the cost of insurance on an ongoing basis is prohibitive, compared to the chance of dealing with high costs when there is a break-in or an accident.Here are some ways to save money on your life insurance: Buy the ... more...

Why You Need House Insurance
House insurance is among the most important insurances you can get and in the case of buildings insurance, most mortgage lenders make it compulsory. This is because your home is your biggest asset and if you lose it because of fire, flood or another disaster and you have a mortgage outstanding on ... more...

Know Your Own Worth: A Practical Insight Into Covering Up
Almost anything can be insured these days: breasts, legs, your goldfish, your mental health, physical health, your own life, your childs life. You can insure against the bad weather, good weather, political events.This week in Scotland, triathlon competitors were insured for 1 million in case they ... more...

A Primer on Life Insurance for Mothers
One of my client's wives paid me a visit to ask about life insurance, a product I was well acquainted with. She told me that she and her husband were visited last night by a life insurance agent. "Jan, what did he try to sell you?""A $90,000 whole life policy with an annual premium of $500. Is ... more...

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