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 ...
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Mortgagor vs. mortgagee: What’s the difference?The mortgagor is the person or entity who borrows and pays back a mortgage loan. If you’re getting a mortgage to buy a home, ...
An acceleration clause is a provision in a mortgage that allows the lender to require the full repayment of the loan early.
Higher property taxes and increased homeowner’s insurance premiums add to housing costs, forcing homeowners to search for ways to reduce their expenses.
Diego Sanchez interviews Mike Cox on disaster response, state-specific coverage, and the future of insurance in mortgage ...
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