Posts by jadebear44

I honestly have no idea how I managed to miss this thread! Thanks for pointing it out!

I currently have a mortgage that requires me to carry a specific life insurance policy, which is assigned directly to the bank as collateral—whatever that technicality actually entails in practice. I am wondering what the actual consequences would be if I were to stop paying the insurance premiums while continuing to make my monthly mortgage payments on schedule?

Please forgive me if this topic has already been covered elsewhere, as I wasn't entirely sure which subforum was most appropriate for this inquiry, so I will leave it to the moderators to move it to the right place if necessary...