When you purchase a home, you will most likely take out a significant loan to pay for the property and dwelling. Your mortgage company will want you to have insurance to pay off the loan in the event of a fire or other loss since the improved property is the collateral for the loan. Insurance can be [...]
Entries Tagged as 'loan collateral'
Home Insurance in St. Louis Missouri.
March 12th, 2010 · No Comments · Uncategorized
Tags: condo·home insurance·insurance quotes·loan collateral·Missouri·MO·mortgage·renters insurance·Saint·St. Louis
Liens
May 7th, 2009 · Comments Off · Uncategorized
A lien is a financial or monetary claim against property intended to make public a declaration that money is owed to the lien holder. A mortgage lien means that the lender has some claim toward the property. This is common as the property is typically the collateral for the loan. The government can place a [...]
Tags: encumberance·lien·loan collateral