Phabbyfundz
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A mortgage is a special form of loan where the purchase of the loan must be specified to the lender to purchase assets that must be fixed (not moveable) such as a house or piece of farm land. The assets are registered as the legal property of the borrower,but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of loan is conducted by the borrower.
Once the loan is fully repaid the borrower losses right to seizure. But In times when the borrower cannot meet up with the repayment of the loan and is under threat of seizure of their property would their insurance company help to repay the loan or mortgage fees for their clients who has purchased an insurance plan or policy with them .
Once the loan is fully repaid the borrower losses right to seizure. But In times when the borrower cannot meet up with the repayment of the loan and is under threat of seizure of their property would their insurance company help to repay the loan or mortgage fees for their clients who has purchased an insurance plan or policy with them .