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Updated over 6 years ago,
Home insurance - Additional Insurer vs Mortgagee/Payee Loss
Hi All,
I am lending money to one of my friend's friend, he is putting his home on mortgage.
couple of questions.
1.how to make sure that I am on first lien.
2. home insurance declaration says my name as "additional interest" then what is difference between "additional interest" and "mortgagee/payee loss"
also can somebody please advice me attorney for the same in New Jersey.
Thanks
Tag Private lending, bayonne, newark, union, jersey city, union, edison, new jersey