kate_sept2004 / Getty Images A mortgagee clause ensures that if your property is damaged while you are paying off the mortgage, the insurance company will pay your mortgage lender for this loss ...
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What is a mortgagee clause?Many mortgage lenders require borrowers to have a homeowners insurance policy with a mortgagee clause. The mortgagee clause is a provision that protects the lender from financial loss if the ...
Diego Sanchez interviews Mike Cox on disaster response, state-specific coverage, and the future of insurance in mortgage ...
An acceleration clause is a provision in a mortgage that allows the lender to require the full repayment of the loan early.
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