Category Archives: Finance

VA Loan

VA Loan

Mortgage Warehouse is approved to originate VA mortgage loans. A VA loan is a mortgage loan that is insured against default by the Department of Veteran’s Affairs. VA loans can only be issued by certain qualified lenders. They are available exclusively to veterans, active duty service members, national guardsmen and reservists who have served in the military. Some surviving spouses may also qualify. Mortgage Warehouse is approved directly from Veteran’s Affairs and have online access to get instant certificates of eligibility. Read the rest of this entry

Owner’s Title Insurance

Owner’s Title Insurance

When considering title insurance, it can be confusing as to what is required and what is optional.  Many times when one is beginning the mortgage process, it can become puzzling as to what certain insurances are, and what exactly they are protecting.  This can be especially true when it comes to title insurance.  There are two different types of title insurance policies; lenders and owners.  A lenders policy protects the lender in the event of title defects, while an owner’s policy protects the new homeowner from liens owed by the previous owner.  Today, I am going to discuss the owner’s policy. Read the rest of this entry

Lenders Title Insurance

Lenders Title Insurance

When purchasing a home it can become overwhelming with how many insurance policies one might encounter.  These policies can include homeowners insurance, flood insurance, mortgage insurance, title insurance, etc.  When considering title insurance, it can be confusing as to what is required and what is optional.  Many times when one is beginning the mortgage process, it can become puzzling as to what certain insurances are, and what exactly they are protecting.  With title insurance, there are two different types of policies; lenders and owners.  Today, I am going to discuss a lenders policy.  Read the rest of this entry

Flood Insurance

Flood Insurance

In certain areas of Florida, having flood insurance is required for a home mortgage by the lender if any portion of the parcel is located within a high risk flood area.  For some consumers who have never carried a flood insurance policy before, this can be a different process from what they have been accustomed to through carrying a hazard insurance policy.  Let’s examine the aspects of carrying a flood insurance policy. Read the rest of this entry

Hazard Insurance

Hazard Insurance

By law, hazard insurance which is also referred to as Homeowners Insurance (HOI) is required on every home in which there is a mortgage loan.  Having proper coverage in not only important for protecting the homeowner, but also for protecting the lender; therefore, before a lender approves any loan, this particular item is thoroughly examined.  Let me discuss further.  Read the rest of this entry