Do I Still Owe My Mortgage if My House is Destroyed by Fire?
If your house is destroyed by fire, you may still owe your mortgage, depending on your specific circumstances and the terms of your mortgage contract. Generally, when you take out a mortgage to purchase a home, you agree to repay the loan over a set period of time, typically 15 to 30 years. The … Do I Still Owe My Mortgage if My House is Destroyed by Fire?