what would happen if your partner dies

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This topic contains 2 replies, has 2 voices, and was last updated by Profile photo of Anonymous Anonymous 8 years, 4 months ago.

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  • #54190
    Profile photo of Anonymous
    Anonymous
    Participant

    what happens if one of the people on the mortgage dies…does their half die with them??

  • #85335
    Profile photo of Anonymous
    Anonymous
    Participant

    On a joint mortgage there would most likely be a life insurance policy (also in joint names) that would pay off the mortgage in the event of death of one of the partners. This is usually a compulsory requirement on the part of the lender.

  • #85342
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks you for answering Hillybilly…I will pass on this info

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