Month: August 2018
Homeowners Warranty
Homeowners Warranty – David Reecher An insurance policy covering specific future repairs, should they become necessary, for a specific time period. These are often provided by the seller or bui... Read More
Homeowners Insurance
Homeowners Insurance – David Reecher The same as hazard insurance. It covers the property mortgaged against loss due to fire, hail, theft, etc. The borrower selects the insurance, and pays the ... Read More
Homeowners’ Association
Homeowners’ Association – David Reecher An association with annual dues collected from residents to insure enforcement of any covenants or restrictions that apply to the properties covered. Fo... Read More
Home Inspection
Home Inspection – David Reecher An inspection made by a third party (not the buyer or seller) for a statement of condition on the property, i.e. structural and mechanical conditions. Many cont... Read More
Hazard Insurance
Hazard Insurance – David Reecher An insurance policy selected by the borrower to cover the property against loss due to hazards such as fire, hail, etc. The borrower pays an annual premium for th... Read More
Guarantee Mortgage
Guarantee Mortgage – David Reecher A mortgage that is guaranteed by a third party, often a government agency.... Read More