Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about merrimack 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... |
|||||||||||||||||||||||
merrimack hazard insurance 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... 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... |
|||||||||||||||||||||||
More about merrimack hazard insurance The Advantages of Term Life Insurance. 5 Tips for Cheap Home Insurance Life Insurance Information Life Insurance Basics Why Should You Purchase Your Auto Insurance Online? Life Insurance and Life Assurance are Not the Same! What You Don't Know About Auto Insurance Save Money on Life Insurance Know Your Own Worth: A Practical Insight Into Covering Up A Primer on Life Insurance for Mothers
|
|
||||||||||||||||||||||
|