If your home is damaged while you're still paying it off, the mortgagee clause stipulates that the insurance provider will ...

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 lenders ...

One of the biggest financial commitments you can make in life is the purchase of a home. But have you stopped to think about how your family could continue making mortgage payments if you or your ...

A mortgagee is a financial entity that lends money to people or companies looking to purchase real estate using a mortgage. That entity could be a bank, a credit union or a direct lender that ...

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While most insurance is designed to protect your finances, mortgage insurance lowers risk to lenders. Mortgage insurance encourages lenders to approve borrowers who might not otherwise qualify. If the ...

Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.

Many potential homebuyers balk at the thought of putting down 20% of a home's purchase price to secure a mortgage. The good news is that you can get a mortgage with a much smaller down payment — but ...

Buying your first home is an exciting time, but can also mean you're navigating a world of new jargon. You know you'll apply for a mortgage, but what exactly is a mortgagor versus a mortgagee? Simply ...

Mortgage insurance is an insurance policy that protects the mortgage lender in case you are unable to pay back your mortgage.

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Mortgage insurance allows homebuyers to purchase homes with down payments of less than 20%. This credit enhancement tool involves paying an additional charge with your mortgage to protect the lender ...