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December 26, 2022

Mortgage Insurance Vs. Home Insurance: What’s the Difference?

Mortgage Insurance Vs. Home Insurance: What’s the Difference?

As a new homebuyer, it’s essential to understand the difference between mortgage and homeowners insurance. Mortgage insurance is an add-on that protects a lender if the borrower defaults on their loan. Homeowners insurance is a policy taken out by the homeowner that covers their home in case of damage or theft. Homeowners’ insurance will cover …

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