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Understanding Mortgage-related Insurance

When you buy a home with a mortgage, you will be required to pay all sorts of insurance, including homeowner’s insurance, title insurance and private mortgage insurance. What are all these policies and why do you have to pay for them? Homeowner’s Insurance Homeowner’s insurance is a policy that protects you against loss if your property or any structures on it are damaged. This covers damage from fire, storms, and vandalism. If you are unable to live in your home because of one of these issues, the insurance will also cover the cost of temporary housing while your home ...

June 3rd, 2020 Understanding Mortgage-related Insurance

NEWLOANCO

3390 Mary Street Suite 116
Coconut Grove, Florida 33133
Mayfair in the Grove
Phone: 305-962-1170
Fax: 305-676-9076
NMLS: 1369124
NMLS Consumer Access
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