What is the objective behind Mortgage Redemption Insurance?
I. Facilitate cheaper mortgage rates
II. Provide financial protection for home loan borrowers
III. Protect value of the mortgaged property
IV. Evade eviction in case of default
Answers
Answered by
1
Answer:
OPTION 3 IS THE RIGHT ANSWER
Explanation:
Mortgage redemption insurance is a type of decreasing-term life insurance policy. Its purpose is to provide policyholders a way to have their mortgages paid off if they die before it is fully paid. This prevents the full burden of paying the mortgage from falling on the surviving family members' shoulders
Answered by
0
Answer:
Ans Options 2 is a right Answer
Explanation:
Mortagage Redemption provide insurance for protecting for home loans and Borroerrs
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