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| Mortgage Professor about hazard insurance: | |||||||||||||||||||||||
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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 Blame It On the Rain: Protect Your Home With Hurricane, Wind, and Flood Insurance Doctor: Find The Hidden Money! Why You Need House Insurance Fixed Term Life Insurance Explained Protecting Your Expatriate Family Saving on Auto Insurance: The Road to Reduction Whole Life Insurance - Whole Life Insurance Information My Credit Affects My Car Insurance Rate? Are You Overpaying On Your Home Insurance Policy? How Is Your Auto Insurance Policy Price Determined?
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