Old 06-12-2017, 02:29 PM #1 (permalink)
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Default Mortgage Insurance Question

Hi. My husband was just diagnosed in January. We are still trying to figure out all the benefits available to us and how to navigate through everything.

We have applied for the adaptive housing grant and we are in the process of being approved for that. We were told that once we're approved, we will be able to get the mortgage life insurance. It is only my husband's name on the mortgage and the deed, although he left me the house in his will. He bought the home before we were married.

Should we also try to get my name on the deed and/or mortgage at this time or does it not matter for the insurance? I would rather not add more to our plates if we don't need to.
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Old 06-12-2017, 03:24 PM #2 (permalink)
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Default Re: Mortgage Insurance Question

I don' t think it matters. I willed our house to my daughter and her name is not on the deed.
Your right , you have to get sag grant approved.
Good luck
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Old 06-12-2017, 05:10 PM #3 (permalink)
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Default Re: Mortgage Insurance Question

I think it would be worthwhile to consult an attorney in your state who specializes in trusts and estates. It will be money well spent.
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Old 06-13-2017, 07:28 PM #4 (permalink)
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Default Re: Mortgage Insurance Question

Changing a deed is pretty simple in florida. I would make everything joint so it is easier with the va. You want the mortgage i surance. While u may have to pay a premium, they will pay off your house if your husband passes.
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Old 06-13-2017, 07:34 PM #5 (permalink)
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Default Re: Mortgage Insurance Question

There is no 'may pay' for the mort ins, that doesn't get waived.
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Old 06-14-2017, 05:28 AM #6 (permalink)
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Default Re: Mortgage Insurance Question

GregK, what do you mean by that?
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Old 06-14-2017, 10:40 AM #7 (permalink)
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Default Re: Mortgage Insurance Question

You must pay a premium for this insurance. Premium is based on amount owed
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Old 06-14-2017, 06:01 PM #8 (permalink)
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Default Re: Mortgage Insurance Question

not to be confused with the VA life insurance which for the basic coverage, can have the premiums waived.
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