11 posts tagged with insurance and mortgage. (View popular tags)
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Questions regarding PMI...

I'm investigating reappraising our house to get rid of PMI. We meet the conditions for application, which involve bringing in an appraiser. The appraiser we would pay for is hired through the mortgage company — we have no control over the appraisal process. Do appraisers who are hired to get rid of PMI do a fair and honest job in calculating the true market value, or, alternatively, do their valuations fall close to online appraisals on average, within some percentage? (Are online estimates close to market value, within noise? Two online estimates suggest we are over the required valuation by roughly 40-50k.) Finally, are there downsides or gotchas to getting rid of PMI, other than a smaller federal deduction at tax time? [more inside]
posted by Blazecock Pileon on Oct 8, 2013 - 9 answers

 

Drowning in flood insurance legalese

I think I'm being scammed by my mortgage company to purchase flood insurance even though I feel certain I'm not in a flood zone. Do you have experience with this? Is their claim likely to be true? Is there an easy way for me to verify or disprove their claim? [more inside]
posted by kbar1 on Jun 10, 2012 - 17 answers

Bank did a bad thing; don't know how to respond to Bank

My bank, in Canada, committed what feels like fraud. Not sure of next steps. [more inside]
posted by anonymous on May 11, 2012 - 12 answers

Home/mortgage shopping: Any recommendations ofr "Title Examination/Closing Agent" or title insurance provider?

Bank wants us to specify title examination/closing agent and title insurer along with our mortgage pre-qualification app. The bank will kindly provide these if we have no preference - do we have a preference? Any recommendations? This is in Durham/Chapel Hill/Raleigh NC USA. Application form is due tomorrow, along with this information. [more inside]
posted by amtho on Aug 24, 2011 - 7 answers

Wool/Eyes?

What would actually have happened if the Irish Government had not taken on the banks' debt? [more inside]
posted by micklaw on Dec 12, 2010 - 10 answers

Help me get to grad school without loosing my house!

How to manage my mortgate and insurance while I am away from my house for an extended period? [more inside]
posted by anonymous on Aug 18, 2010 - 6 answers

Insurance is good and I'd like to keep it.

Is filing too many claims always a death knell for your insurance? [more inside]
posted by anonymous on Aug 18, 2009 - 6 answers

What happened to PMI?

Why hasn't private mortgage insurance (PMI) softened the blow of the real estate implosion? [more inside]
posted by GatorFan2000 on Apr 6, 2009 - 14 answers

scam?

My girlfriend received a letter from a Dr. Gordon Boggs in Carrollton, GA, stating that she was due a refund of overpaid mortgage insurance. In exchange for a promise to pay 10% of the overpayment after receiving a signed form from us agreeing to a "handshake deal" (basically promising to send him 10% of the refund), he would send us a case number and contact information to begin processing this overpayment due to my girlfriend. Is this legit? How can we find out more about this without kicking back anything to the person? Thanks.
posted by irie1972 on Dec 6, 2008 - 23 answers

Lender Paid PMI - where's the catch?

I'm about to buy my first house and I'm shopping around for a mortgage. The best deal so far is a mortgage where the lender pays for the mortgage insurance. I'm aware of using 80/XX loans to avoid paying PMI but I've never come across Lender Paid PMI. What exactly is it and what's the catch? [more inside]
posted by schwa on Feb 21, 2006 - 7 answers

Variable-rate mortgage question

I currently have a monthly mortgage payment of $850/month. About $150 of that is mortgage insurance + property taxes.

If I get one of those fancy split 80/20 mortgages, in which the variable-rate 20% portion is used to satisfy the downpayment requirement and remove the mortgage insurance, am I going to get hosed at some point? Finding decent advice about this has been difficult.
posted by mecran01 on Dec 17, 2004 - 13 answers

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