Mortgage insurance
May 11, 2009 · Posted in Mortgage insurance · Comment
During the processing of mortgage loan the mortgage insurance is obligatory. The period in which mortgage insurance is arranged, should be equal to the period for which the credit is issued under the mortgage. According to the law, the borrower must arrange insurance for a particular subject only from damage, as well as from the absolute destruction. But this is not the only points of the insurance, in the case of banks, as the latter requires the borrower an additional insurance of their lives, disability and title (the risk of loss of ownership of housing).
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