It’s easy to get Private Mortgage Insurance (PMI) confused with homeowners’ insurance, but PMI is an entirely different thing that may or may not be necessary when it comes to your home purchase. If you’re going to be investing in a home in the near future and are ...
When a borrower applies for a mortgage loan, the lender typically requires proof of insurance coverage before they approve the loan. An insurance binder is a document issued by the insurance company that provides temporary proof of insurance coverage until the official insurance policy is issued.
The insurance binder for mortgage loans will typically include information about the property being insured, the coverage limits, and the effective date of the policy. ...
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With many people interested in taking out a home loan, it is critical for potential homeowners to think carefully about which loan structure is right for them. There are a lot of home loan options out there, and potential ...
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Finding a proper mortgage loan and understanding the processing procedures behind the ...
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FHA borrowers have an exceptional program available to them called the FHA streamline refinance. It’s a simple way to get a lower mortgage payment and/or lower rate, but it’s not for everyone.
Read this guide to learn all about FHA streamline ...
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Title insurance is one of the few types of protection policies available to homebuyers and one that is often overlooked because of ...
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Finding a proper mortgage loan and understanding the processing procedures behind the ...
When you buy a home, you will be given a title to your new property. A title is a legal document that proves you own the ...
The COVID-19 pandemic has taken the world by storm. Millions of people all over the world have been infected and businesses have ground to a halt. During this time, it is important for everyone to ...
Are you thinking about using mortgage financing to buy a new home? If so, you’ve likely heard about mortgage insurance policies requirements and you ...