As a lender, you will say it a lot: Homeowners are required to purchase homeowners insurance to protect themselves and the lender from losses should the home be damaged. But did you know it can affect a client’s mortgage and other aspects of their homeownership?
Your home was damaged by severe weather or was a victim of theft and now some personal property is missing. You have to make a claim to your insurance and luckily enough, you have a home inventory list you made earlier that year and are able to verify what is missing. Creating a home inventory […]
When you purchase a home, you will be required to have insurance. Not only will having insurance protect you, the homeowner, should your home be damaged, but it will also help protect the lender. After all, they do have an investment in your home and if it’s destroyed and you don’t have insurance, they will […]