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Information on the purchase of mortgage insurance

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Real estate broker buyout

Real estate broker buyout

The borrower insurance is contracted for any subscription of a mortgage. It guarantees repayment of the credit with the lending institution in case of death – disability of the borrower.

How to buy a mortgage insurance

How to buy a mortgage insurance

It is possible to buy back insurance loan according to the procedure of the “code of insurance”. The deadline for requesting a cancellation is 2 months before the expiry of the contract (according to the general conditions of the current contract). The insurer must inform the insured each year by letter that it is possible to terminate the contract. The letter must be sent from 3 months to 15 days before the anniversary date of the signing of the contract. If during the 15 days preceding the anniversary date, the insured has not received this letter, it is possible for him to cancel the contract for a period of 20 days. If on the day of the anniversary date he has received nothing, he is entitled to make a real estate insurance redemption .

Credit Insurance

Credit Insurance

Forum buyout insurance borrower

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Real estate insurance purchase

Real estate

If these deadlines are respected by the insurer, the repurchase insurance borrower real estate must be done as indicated in this one (notice of 2 or 3 months). Although the credit insurance buyback is possible, the lending institution does not generally hear this way because it wishes not to take the risk that the loan that has been granted to you is no longer secure, which generates a categorical refusal. To have the agreement of the lending institution, it may be advisable to take out a new mortgage insurance contract before canceling the one that is effective …

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