mortgage insurance: The Difference Between Mortgage Insurance and Renters Insurance
- 04/05/21 12:26 PM
When you purchase a new home or apply to refinance the current home you have it is not uncommon for a lender to ask you for proof of mortgage insurance and homeowners’ insurance. Although the two sound like the same item, the two are very different items. Both types of insurance are meant to protect items related to your home, but they protect different things. The Difference Between Mortgage Insurance and Home Insurance The biggest difference between mortgage insurance and home insurance is who it protects. Homeowners insurance is protection for the borrower, while mortgage insurance is put in place to protect … (0 comments)
mortgage insurance: Mortgage Insurance Premiums Forever? Changes for San Ramon FHA Buyers
- 04/05/13 03:56 AM
Mortgage Insurance No Longer Goes Away – San Ramon FHA Home Buyers Starting June 3, 2013 buyers that use an FHA loan to purchase a home will carry mortgage insurance for the life of the loan. Mortgage insurance is added to the monthly mortgage payment when the down payment for a home loan is too low to cover any equity or resale costs should the borrower default. For instance; an FHA loan requires a 3 ½% down payment to purchase property. If the buyer defaults on the loan, the bank will have to turn around and sell the property and because … (0 comments)
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Dale Corpus
Realtor - San Ramon, Danville, Dublin & Pleasanton
Dale is a Tri-Valley Real Estate Broker/Realtor (originally from San Francisco), Online Marketer, Blogger, father & husband.
Since moving to San Ramon 8 years ago, Dale now has a young son. Raising his family in San Ramon gives him a unique perspective on the communities, activities, and schools the Tri-Valley has to offer.
Dale has a passion for real estate and takes pride in the personal connections that come with assisting clients, whether they are buying or selling. Follow him on twitter @keytothebay.
When you purchase a new home or apply to refinance the current home you have it is not uncommon for a lender to ask you for proof of mortgage insurance and homeowners’ insurance. Although the two sound like the same item, the two are very different items. Both types of insurance are meant to protect items related to your home, but they protect different things.
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