Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If mortgage insurance is cancelled, are any pre-paid premium amounts refunded (particularly if they were originally paid by adding them to the loan amount)?

0
Posted

If mortgage insurance is cancelled, are any pre-paid premium amounts refunded (particularly if they were originally paid by adding them to the loan amount)?

0

If all the mortgage insurance was financed at the time of origination and is canceled prior to it’s maturity you may be entitled to a refund if the refundable option was chosen at time of origination. However, if the no refund/limited option was chosen no refund is due.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123