For example, if a homeowner with a $250,000 mortgage has repaid $50,000, but defaults on payments, the lender can invoke the acceleration clause, requiring the borrower to pay the remaining ...

But as long as you have a mortgage you're paying off, you're required to have homeowners insurance. And if you let your coverage lapse, your lender isn't going to be happy about it.

State legislation pending to give rebuilding homeowners the right to receive interest on escrowed insurance The fundamental purpose of insurance is to compensate insureds for a covered loss, such as ...

Get the mortgagee clause from your servicer. This includes your lender's official name and specific address that goes on your insurance documents specifying the lender as the mortgagee (or ...

Even if your home is a total loss, "the mortgage still lives on, unfortunately," Panetta says — and you're still expected to pay it. That's why, in the wake of a devastating event, one of the ...

In September, 32% of the average single-family mortgage payment went to property taxes and home insurance, the highest rate ever for data going back to 2014, according to Intercontinental Exchange.