Mortgage Insurance, First Home Owners Grant?
For a maths assignment I have to find the meanings of these two language. For Mortgage Insurance, I have the meaning of it but the second chunk of it is 'what conditions is it mandatory?' which is baffling me. Also, I'm struggling to find out when a First Owners Home Grant is available and in what conditions. Thank you for any help.
Answers:
'what conditions is it mandatory?' is not 'proper' English (but, probably, what we might expect from todays teaching staff ..), so I'm not surprised you are confused ...
At a guess, what teacher is attempting to ask is :-
"What are the typical mandatory conditions attached to such Insurance ?"
I'm going to assume the type of Insurance mentioned is 'Mortgage Protection' .. and I would guess the one and only "mandatory conditions" would be that it will only pay out to the lender (not the borrower) and solely after repossession and all possible legal attempts to extract clearing from the borrower had failed .. also I expect in that is some clause about obtaining maximum possible price for the repossessed house .. and (I wouldn't be surprised) if any payout can later be recovered' from the borrower (by the Insurance co.) later ..
hope this information helps you bout first owners home admit
http://www.sro.vic.gov.au/sro/SROWebsite… Source(s): http://www.sro.vic.gov.au/sro/SROWebsite…
http://www.fiscal-wise.com.my/
Related Questions:
I bought a home this year (2009). Is my mortgage interest, points,property tariff deductible on NJ state levy?
Foreclosure on a home near a wrap around mortgage... who does it effect and how?
Which wall is the best to attain a home mortgage loan next to?
Can I clear bad a SECOND mortgage next to a Home Equity Loan or HELOC?
How do you refinance an upside down mortgage for a manufactured home?
Answers:
'what conditions is it mandatory?' is not 'proper' English (but, probably, what we might expect from todays teaching staff ..), so I'm not surprised you are confused ...
At a guess, what teacher is attempting to ask is :-
"What are the typical mandatory conditions attached to such Insurance ?"
I'm going to assume the type of Insurance mentioned is 'Mortgage Protection' .. and I would guess the one and only "mandatory conditions" would be that it will only pay out to the lender (not the borrower) and solely after repossession and all possible legal attempts to extract clearing from the borrower had failed .. also I expect in that is some clause about obtaining maximum possible price for the repossessed house .. and (I wouldn't be surprised) if any payout can later be recovered' from the borrower (by the Insurance co.) later ..
hope this information helps you bout first owners home admit
http://www.sro.vic.gov.au/sro/SROWebsite… Source(s): http://www.sro.vic.gov.au/sro/SROWebsite…
http://www.fiscal-wise.com.my/
Related Questions:
