Insurance Types for First-Time Home Buyers
For most Americans, buying their first home will be the single largest investment of their lives. And, since it takes up to 30 years before the home’s ownership is transferred from the bank to the buyer, it is only natural for both the buyer and the lender to want to protect that investment and minimize their risks. Therefore, every mortgage lender requires a home buyer to have homeowners’ insurance before they can close on their new home.
Unfortunately, insurance can be one of the more complex and confusing aspects of buying a first home, because not every home buyer needs the same type of policy. In this post, you’ll learn more about the types of insurance you might need when buying your first home. more “What Kind of Insurance Will I Need When Buying My First Home?”
