Mortgage Insurance Foreign Travel Questionnaire
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Mortgage Insurance Foreign Travel Questionnaire
One of the items you'll need to discuss when completing your application for Mortgage Insurance is whether or not you have done, or plan to do, any foreign travel. While some foreign travel is a non-issue when you're applying for Mortgage Insurance, some areas of the globe are considered higher risk, and travel there could affect the Mortgage Insurance company's willingness to approve your policy.
If you've traveled abroad or plan to, be prepared to complete an additional Mortgage Insurance application form generally called a Foreign Travel Questionnaire. This form will have questions about the location you plan to travel to, how much time you plan to spend there, and the reason you're traveling. It's important to remember that the Mortgage Insurance company is not trying to be invasive when asking you to complete this form. They're simply trying to determine if the travel will impact your safety. They may issue a temporary extra premium or decline the policy until the trip is completed.
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| Sheri Ann Richerson |
