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Suzie Speaks » Blog Archive » Life Insurance Mortgage Online QuoteThis is a discussion on Suzie Speaks » Blog Archive » Life Insurance Mortgage Online Quote within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The bank lending the bmortgage/b money will require a homeowner policy and become the lien-holder on the policy to protect ... |
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| Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. |
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The bank lending the bmortgage/b money will require a homeowner policy and become the lien-holder on the policy to protect the loan. The bmortgage/b loan is a major debt and should be covered by life insurance. Mortgage life insurance can be b.../b
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