Purchasing your first home is as exciting as it gets. But it can also be nerve-wracking since it’s among the most significant investments you’ll make during your lifetime. You’ve decided on the perfect CNY location and a house that sits exquisitely on the lot. The seller accepted your offer, and you have a closing date. But before finalizing a mortgage with your preferred lender, you must supply them with a truckload of information. Somewhere in that list is homeowners insurance—sometimes called hazard insurance—which you’ll purchase due to a lender underwriting requirement. Though the requirement prepares you for unforeseen repair and…
Daniel J. MiddletonJanuary 10, 2023
