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The horizontal "fascia board" which caps the end of rafters outside a building may be used to hold the rain gutter. The finished surface below the fascia and rafters is called the soffit or eave. In classical architecture, the fascia is the plain, wide band (or bands) that make up the architrave section of the entablature, directly above the ...
Key takeaways. Many mortgage lenders require borrowers to have a homeowners insurance policy with a mortgagee clause. The mortgagee clause is a provision that protects the lender from financial ...
The average annual cost of home insurance for a home with $250,000 in dwelling coverage is $1,687. Your actual rate could vary, depending on your claims history, where you live, the size and ...
The basic FHA mortgage insurance program is Mortgage Insurance for One-to-Four-Family Homes (Section 203(b)). [24] FHA allows first time homebuyers to put down as little as 3.5% and receive up to 6% towards closing costs. However, some lenders won't allow a seller to contribute more than 3% toward allowable closing costs.
Mortgage insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors in mortgage-backed securities for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer.
Mortgage insurance is a separate insurance policy in addition to your homeowners insurance and depending on the down payment made to purchase your home, your lender may require it.
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