Sentences with phrase «chosen mortgage insurance company»

If not, the lender may be able to provide a similar offer from a different PMI provider, or you can choose a lender that works with your chosen mortgage insurance company.

Not exact matches

If you or your co-borrower (if you choose joint coverage) die, the insurance company will pay off your mortgage.

• You own the policy • You choose the beneficiary • You select the amount of insurance protection • Your insurance does not decrease unless you decide to reduce it • Your insurance is not part of a group and you decide how to tailor it to your needs • Your insurance does not lapse when is in default • Your protection is portable and does not lapse when you change mortgage companies or sell the property • Your insurance is guaranteed re-newable to age 80 and after issue, you will never have to provide medical evidence

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Moreover, one can choose the specified term at ease, which can be as long as up to 30 years or even more, depending on the insurance company and also, it comes in handy for covering specific needs that are relatively short term and will disappear in sometime such as mortgage payments or finances pertaining to child care or any other contingency.

Since there are different reasons why a senior over 65 needs life insurance; whether it's to cover the remaining balance on a mortgage, protect their income while they're still working or to take care of final expense costs, it's important to choose the right company and policy to properly address the senior's particular needs.

PMI premiums are set by the private mortgage insurance company, which is usually chosen by your lender.

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