Sentences with phrase «insured value of the house»

Earthquake insurance insures the value of the house not the land value (aka purchase price of the home before the earthquake) Ex bay area houses might cost 200k to build but sell for a million.

When buying a home, the insured value of the house will be less than the market value.

Not exact matches

I want to know the total value of the house so I can insure against that.

While section 203 (k) insured loans save borrowers time and money, they also benefit the lender by allowing them to have the loan insured, even though the property has not yet been renovated, and the condition and value of the house may not yet offer adequate security.

The federally - insured Home Equity Conversion Mortgage (HECM) reverse mortgage loan, created by the U.S. Department of Housing and Urban Development (HUD), has solidly proven its value to senior homeowners when processed by trustworthy and reputable lenders.

Additionally, all reverse mortgages are insured by the Federal Housing Administration (FHA) 4 and non-recourse, meaning the homeowner will never owe more than the value of the home loan.

Mortgages insured by the Federal Housing Administration offer loan - to - value ratios up to 96.5 %, for a out - of - pocket down payment as low as 3.5 %.

If you opt for a loan insured by the Federal Housing Administration (FHA), the appraiser will need to go a step further than simply estimating the value of the home.

Manufactured houses may cost more to insure than a house of a similar value.

The appraisal must be ordered by your lender but certain regulatory controls have been put in place since the housing collapse to insure independence of the appraiser and that the value is not influenced by either the borrower or the lender.

I want to know the total value of the house so I can insure against that.

I am very reticent to go down the road of, using an analogy, insuring a house paying a premium equivalent to its value (assuming I have the money, which itself is another analogy) just because someone says they are of the considered opinion that it is MOST LIKELY probable something bad will happen and the insurance premium is PROBABLY going to protect my stake in the residence.

The Bima Advantage Plus from the house of Future Generali Life Insurance offers a policy term of 10 to 30 years with an insured receiving the fund value at maturity.

Having your house insured for the true replacement cost of your home rather than the value of your home can reduce your premiums.

In case your house has been insured on the basis of indemnity value, the sum insured + amount paid will be determined by deducting depreciation (on the basis of the age of the property) from the reinstatement value.

The housing market has been hit hard by the recession, so if your home value has dropped significantly, make sure you are insured for the replacement cost of the house, and not its current value on the market.

Manufactured houses may cost more to insure than a house of a similar value.

High - ratio Mortgage - A mortgage that exceeds 75 percent of the loan - to - value ratio; must be insured by either the Canada Mortgage and Housing Corporation (CMHC) or a private insurer to protect the lender against default by the borrower who has less equity invested in the property.

Mortgages insured by the Federal Housing Administration offer loan - to - value ratios up to 96.5 %, for a out - of - pocket down payment as low as 3.5 %.

The federally - insured Home Equity Conversion Mortgage (HECM) reverse mortgage loan, created by the U.S. Department of Housing and Urban Development (HUD), has solidly proven its value to senior homeowners when processed by trustworthy and reputable lenders.