Homeowner’s InsuranceHomeowner’s insurance will always be required and must cover the replacement cost of the property. It should include coverage for damage due to fire, wind or other disasters. |
Flood or Quake InsuranceFlood insurance may be required if your home is located in one of the designated flood zones established by the Federal Emergency Management Agency (FEMA). |
Private Mortgage Insurance (PMI)PMI is required when the downpayment on the home is less than 20% of the home’s value. |
Title InsuranceYou can obtain a lender’s title policy, owner’s title policy or both. The Lender will require that you obtain a lender’s policy. Title policies are used to protect the policyholder’s claim to title in the property. (i.e. they want to make sure that the person selling the property has the legal right to do so). |
The Marimark Mortgage Newsletter will keep you informed with important events in the mortgage industry that could impact your finances.
We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.
Real estate agents, and other professionals in the industry, will receive an ongoing wealth of information that will help them serve their clients.
