NLIC.org

Bobby Said:

Mortgage Protection Insurance for my UK home. I need it, but which insurance company shall I choose?

We Answered:

I used Abbey National, but they were a bit expensive. I have looked into using British Insurance who I wish I'd used.
You can get a quote direct from British Insurance at www.BritishInsuranceQuote.com

Don Said:

If you have 20% equity in your home can mortgage lenders keep PMI insurance on loans because of late payments?

We Answered:

Home Owner's Protection Act

http://www.frbsf.org/publications/consum…

Irma Said:

Are lenders required to disclose Lender Paid Mortgage Insurance to borrowers?

We Answered:

hire a RE attorney, and pay the $100 consultation fee, or whatever it is, the money spent could save you a bundle. Or maybe if you have a city/county assistance program, they could help. Ask around, to neighbors, your bank, etc for help. maybe call your state representative and tell them you are a voter, they may also help. good luck.

Sam Said:

Does the borrower pay for the lenders title insurance on a new mortgage?

We Answered:

you bet! and it's not cheap

Cynthia Said:

What Companies Offer Lender Paid Mortgage Insurance Programs?

We Answered:

Lenders don't technically pay the MI - it's a form of paying it up front. But you're smart for wanting to explore all your options. Check out the link for more details - our version is referred to as PMI Buster.

Marion Said:

lenders mortgage insurance refund, what % should I expect back if i repay my mortgage within 6 months?

We Answered:

The mortgage indemnity guarantee insurance premium is paid by you to benefit the lender in case you default on the loan. It does not offer you any protection, and you are not the insured party or beneficiary.

It may be worth asking your lender if there is a return of premium, but if there is, it will be to them in the first instance! If they are very nice they might consider giving you some benefit, particularly if you are taking out a new mortgage with them on a new property.

If you are remortgaging, ask for some sort of buy-out from your new lender.

Good Luck