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2. I almost made the mistake of paying for mortgage insurance ...

   www.aol.com/finance/almost-made-mistake-paying...

   Principal and interest were clear, plus taxes and home insurance, but we were caught off guard by mortgage insurance. This was the first time either of us had ever heard of insurance for a mortgage.

3. Closing on a house: What to expect - AOL

   www.aol.com/finance/guide-closing-house-expect...

   Unless they’re paying in cash, the prospective buyer will secure homeowners insurance and the mortgage needed to purchase the property. There will be an appraisal of the home and an independent ...

4. Who pays closing costs, the buyer or the seller? - AOL

   www.aol.com/finance/pays-closing-costs-buyer...

   Homeowners insurance: Buyers will likely be required to take out a home insurance policy as well, with the first premium payment (or sometimes more) due at closing. If several months of payments ...

5. Escrow insurance: What is it and when you need it - AOL

   www.aol.com/finance/escrow-insurance-235640110.html

   Pros. Cons. When the homeowners insurance bill is due, the money should already be set aside to cover it as long as you have kept up on payments. There is a larger upfront payment with closing ...

6. Closing documents: A guide for homebuyers - AOL

   www.aol.com/finance/closing-documents-guide...

   As the buyer, you’ll need to obtain and document homeowners and title insurance, and you’ll receive many documents before and at the closing, like the note and mortgage or deed of trust. Pay ...

7. What is a mortgagee clause? - AOL

   www.aol.com/finance/mortgagee-clause-190100413.html

   In that case, your insurance company would give your lender a $400,000 payout to cover the outstanding mortgage debt, and pay you $100,000 to cover the equity you have in the home—allowing you ...

8. Is home insurance required? - AOL

   www.aol.com/finance/homeowners-insurance...

   In contrast, mortgage insurance protects the mortgage lender when homeowners default on their home loan. Typically, mortgage insurance is a separate policy homeowners pay for in addition to home ...

9. What is a home insurance binder? - AOL

   www.aol.com/finance/home-insurance-binder...

   Mortgage lenders commonly require that borrowers maintain a homeowners insurance policy on their home. Depending on how the timing lines up with closing on the property and completing the home ...