Mortgage Life Insurance! If you have a mortgage you may want to think about this insurance policy!

Mortgage Life Insurance refers to an insurance policy that guarantees repayment of a mortgage loan in the event of death or, possibly, disability of the mortgagor. Private Mortgage Insurance (PMI) refers to protection for the lender in the event of default, usually covering a portion of the amount borrowed. There are Government loan products that also include a Mortgage Insurance Premium (MIP), essentially the government equivalent of PMI.

Types of Mortgage Insurance

Private Mortgage Insurance (PMI) is a default insurance on mortgage loans, provided by private insurance companies. PMI allows borrowers to obtain a mortgage without having to provide 20% down payment, by covering the lender for the added risk of a high loan-to-value (LTV) mortgage.

Mortgagee’s Title Insurance  is a policy that protects the lender from future claims to ownership of the mortgaged property. Generally required by the lender as a condition of making a mortgage. In the event of a successful ownership claim from someone other than the mortgagor, the insurance company compensates the lender for any consequent losses.

Mortgagor’s Title Insurance  is a policy protecting the buyer/ owner of real property from successful claims of ownership interest to the property. The coverage usually is supplemental to a Mortgagee’s Title Insurance policy, and the premium is customarily paid by the buyer.

 

Rocco Tatasciore & Matt Gribosh

 

555 2nd Avenue
Building G-250
Collegeville, PA 19426

 

Phone:  610-409-0630

Fax:      610-409-0640

 

·  Finance & Investment - Estate Planning ·  Stock Broker, Investment Planning ·  Finance & Investment - Investment Real Estate ·  Retirement Accounts Rollover Plans ·  Group Disability / Income Replacement ·  Contractors Insurance, General Liability Insurance ·  Commercial & Business Insurance ·  Financial Planning, Risk Management ·  Retirement Accounts IRA, 401(k), Pension Plans ·  Homeowners Insurance, Renters Insurance

·  Financial Planning, Mutual Funds ·  Auto/Home/Personal Insurance - Annuities ·  Medicare Supplement Insurance ·  Single Premium Whole Life Insurance ·  Single Premium Universal Life Insurance ·  Investment/Investor Advisory Services ·  Auto/Car Insurance, Motorcycle Insurance ·  Disability/Income Replacement Insurance ·  Health Insurance, 529 Education Plans ·  Tax-Exempt Securities

Financial Services,Auto/Home/Personal Insurance,Commercial/Business Insurance,Employee Benefits/Group Insurance,Finance & Investment,Life Insurance,Senior Insurance,529 Education Plans,Annuities,Asset & Portfolio Management,Auto/Car Insurance,Auto/Car Insurance - Basic/Liability Only Coverage,Auto/Car Insurance - High Risk,Auto/Car Insurance - Low Down Payment,Auto/Car Insurance - Monthly Payment Options,Auto/Car Insurance - SR-22,Benefit Consultants,Boats, Marine & Personal Watercraft,Bonds,Commercial & Business Insurance,Commercial Truck Insurance,Commodities,Condominium Insurance,Contractors Insurance,Dental Insurance - Individual,Disability/Income Replacement Insurance,Earthquake Insurance,Employee Benefits,Estate Planning,Financial Planning,Financial Services,Flood Insurance,General Liability Insurance,Government Securities,Group Dental Insurance Plans,Group Disability / Income Replacement - Long Term,Group Disability / Income Replacement - Short Term,Group Health Insurance,Group Life Insurance,Group Long Term Care,Group Orthodontic Plans,Group Prescription Drug Plans,Group Vision Insurance Plans,Health Insurance,Homeowners Insurance,Inheritance Planning,International Securities,Investment Planning,Investment Real Estate,Investment/Investor Advisory Services,Life Insurance,Long Term Care Insurance,Medicare Supplement Insurance,Motorcycle Insurance,Municipal Securities,Mutual Funds,Online Insurance Quotes,Orthodontic Plans - Individual,Precious Metals,Prescription Drug Plans,Prescription Drug Plans - Individual,Recreational Vehicle (RV) Insurance,Rental Property Coverage,Renters Insurance,Retirement Accounts IRA, 401(k), Pension Plans,Retirement Planning,Retirment Accounts Rollover Plans,Risk Management,Single Premium Universal Life Insurance,Single Premium Whole Life Insurance,Stock Broker,Supplemental Employee Benefits,Tax Planning,Tax-Exempt Securities,Term Life Insurance,Umbrella/Excess Liability Policies,Universal Life Insurance,Variable Universal Life Insurance,Vision/Glasses Plans - Individual,Whole Life Insurance,Workers Comp. Insurance,Collegeville PA 19426,King of Prussia PA 19406,Norristown PA 19403,Oaks PA 19456,Phoenixville PA 19460,Royersford PA 19468,Schwenksville PA 19473,Skippack PA 19474,Chester,Montgomery,Pennsylvania,,Audubon,Eagleville,East Norriton,Jeffersonville,Trooper,KOP, mall, gulph mills, upper merion, Norristown,Limerick, Linfield, Springford, Limerick Township,Spring Mount, Collegeville,Trappe, Rahns, Graterford, Perkiomen Valley, Collegeville Borough,