Insurance Closing Costs

Homeowner's Insurance
This insurance covers replacement costs for damages caused by fire, wind or other disaster that might affect the value of the property. Typically, the insurance also includes personal liability and theft coverage.

Flood or Quake Insurance
Additional hazard insurance coverage that is required for homes located in a designated hazard zone as established by the Federal Emergency Management Agency (FEMA). An appraiser, inspector, or your realtor can let you know if a property resides in a hazard zone.

Private Mortgage Insurance (PMI)
Insurance required for conventional mortgage loans when the borrower's down payment on the house is less than 20 percent of the loan value.

Title Insurance
This policy protects both the buyer and lender by insuring a clear chain of title. (In other words, it insures that that the person who sells the house has the legal right to do so.)

Carl Ashton

Mortgage Banker

1605A Prosperity Farms Rd

Lake Park Florida 33403

Phone: 561-210-3000

Fax: 561-624-1764

premiermortgagestore@live.com

Our websites:

Premier Mortgage Ft Lauderdale

Premier Mortgage Store Naples

Premier Mortgage Store Florida

Premier Mortgage Boca Raton

FHA Mortgage Store

VA Mortgage Store

USDA Mortgage Store