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Mortgage Professor about hazard insurance: | |||||||||||||||||||||||
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... Are Settlement Services Overpriced? July 6, 1998 "In my recent home purchase, I bought title, property hazard, and mortgage insurance policies from 3 different companies that I did not know, at prices given to me by my lender. Judging from the circumstances, I am guessing that ... more... |
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hazard insurance related definitions |
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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... Impound Impound That portion of a borrower's monthly payments held by the lender or servicer to pay for taxes, hazard insurance, mortgage insurance, lease payments, and other items as they become due. Also known as reserves. ... more... |
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More about hazard insurance Are You Suffering from Payment Protection Overload? Critical Illness Insurance and Life Insurance Cover for Better and for Worse Insurance 101 - Undermining America for the Good of Americans Top 8 Life Insurance Mistakes to Avoid Is There Any Such Thing As Affordable Life Insurance? An Introductino to Insurance Lead Generation How To Save Money On Your Homeowners Insurance? Dangerous Liaisons: Tips For Securing Homeowner's Insurance How Many Homeowner Insurance Quotes Do I Need To Save Money? Types of Life Insurance
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