Erie Insurance Property & Casualty Company, remanding the matter for further review on whether the plaintiffs were entitled ...

An acceleration clause allows a mortgage lender to demand full repayment of the loan if certain conditions are not met. This clause protects against missed payments, violations of loan terms, or ...

The mortgagee clause is a provision in a homeowners insurance policy that protects the lender from financial loss if the mortgaged property is substantially damaged or destroyed. Many mortgage ...

Key takeaways. The mortgagee clause is a provision in a homeowners insurance policy that protects the lender from financial loss if the mortgaged property is substantially damaged or destroyed.

When you take out a mortgage, you plan on paying it back over 15 or 30 years. But in some cases, the lender can demand full repayment sooner. Mortgages allow for this possibility with acceleration… ...

Like life insurance, mortgage protection insurance is tied to your age when you apply for the policy, so you could be paying a higher premium. It's also likely that any insurance tied directly to your ...

Mortgage life insurance, also known as mortgage protection insurance (MPI), is designed to pay off your mortgage when you die. Some MPI policies also offer coverage for a limited time if you lose ...

The term mortgagee comes from the fact that homeowners insurance policies usually include a mortgagee clause, which describes the lender attached to the property.

CLSQ has released a ‘lack of mortgage protection clause’ policy to “smooth the conveyancing process” for leasehold properties where this clause is not in the lease or it is defective. The mortgage ...

Missing a mortgage payment can do more than ding your credit, it can activate the acceleration clause. Here’s what you need to know to avoid it.

Q: We took out a reverse mortgage in 2011 and thought I understood how it worked. However, having reviewed the documents, I cannot find where it discusses the non-recourse clause I heard about. As … ...

The cost of mortgage insurance is typically added to the monthly mortgage payment and can range from 0.3% to 1.5% of the loan amount per year. For some people, this added cost can be a significant ...