what is chase mortgagee clause

What Is a Mortgagee Clause? Investopedia. Most lenders require that borrowers have homeowners insurance and that the insur…Mortgagee clauses provide valuable protection for lenders because of the way that mortgages work. When you take out a mortgage, you are essentially offering your home as collateral for a loan, which you promise to pay back. If you can’… See more

What Is a Mortgagee Clause? Investopedia
What Is a Mortgagee Clause? Investopedia from image.slidesharecdn.com

A mortgagee clause is a protective provisional agreement between a mortgage lender (the mortgagee) and a property insurance.

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