Articles on: Mortgage Calculator

Is home insurance required through a home loan?

Home insurance is mandatory when acquired through a mortgage loan and is called mortgage insurance. The insurance company or insurance advisor is chosen freely by the interested party, provided that the conditions of the loan agreement are met.
Property insurance protects the investor from various risks and unforeseen events, such as fire, theft, damage from natural disasters, and many others.

Updated on: 23/02/2024

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