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Let Us Know if Your Mortgage is Sold
It can make good economic sense to take advantage of current low interest rates and refinance your house. Just be sure to let us know if your mortgage is sold to another company, so that we can change the name of the lien holder on your insurance policy.
If your mortgage is sold, you will get a letter from your mortgage holder. This often happens soon after you refinance. As soon as you get that letter, give us a call at The Bensman Group so we can change your insurance documents to reflect the change in mortgage holders. If you don't, your new mortgage holder could charge you for expensive additional insurance coverage. It is possible to get out of those charges, but it is much better to avoid them in the first place.
To discuss this or any other insurance needs, just give us a call at 847-572-0800 or email me at email@example.com.