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North Carolina Commissioner of Insurance If refinancing a condo do I have to insure my condo for the full mortgage amount or only my the personal property and proof of HOA Master Policy?
Wiki User
∙ 14y ago
Your board or your management company can help you determine how much personal property insurance you need to carry in your HO-6 policy, depending on the coverage available to you in the master insurance policy.
You don't want duplicate coverage, nor do you want any gaps in coverage.
If, however, your question has to do with mortgage insurance, ask your banker what kind of mortgage insurance you need in order to cover your refinanced amount.
Wiki User
∙ 14y ago
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Will refinancing your mortgage remove the mortgage insurance from your loan?
Actually, you may not have to go as far as refinancing to remove the mortgage insurance. If you have paid down the principle and have equity, you may have reached the percentage where your lender does not require mortgage insurance. Check with your lender and read your note to see where you stand.
Where can one find mortgage refinancing in Jacksonville?
Mortgage refinancing in Jacksonville can be done at any local bank. Refinancing can also be done at mortgage refinancing specific places such as Jacksonville Mortgage and American Equity Mortgage.
When is mortgage refinancing not a good idea?
Mortgage refinancing is not a good idea when you have had your mortgage for a long period of time.
Where can a home mortgage refinancing lender be found?
If someone is interested in home mortgage refinancing, it is important to find a home mortgage refinancing lender. One can be found by going to mortgage calculator websites or mortgage review websites.
Where can you find Mortgage refinancing in Jacksonville?
There are several companies that offer Mortgage refinancing in Jacksonville. Some of these are: Jacksonville Mortgage, American Equity Mortgage, and Florida Mortgage.
Where can one learn more on FHA mortgage refinancing?
There are many websites with information on FHA mortgage refinancing. These places are great for learning about FHA mortgage refinancing, as a person does not have to leave their home to read up on it. FHA, The Mortgage Reports, Zillow, Bank Rate, and NASDAQ all have information on FHA mortgage refinancing.
How can I lower my mortgage through refinancing?
Mortgage refinancing is a good way to lower your mortgage. Refinancing brings your payments down by finding a better loan. Refinancing allows you to have lower monthly payments which will allow you to pay off your loan faster.
Where can I compare mortgage refinancing rates?
Please go to www.bankrate.com/mortgage. There you will be able to compare the mortgage refinancing rates of several different companies.
Where can one find mortgage refinancing calculators?
One can find mortgage refinancing calculators at a website called Realtor. Other websites that one can find mortgage refinancing calculators at include Zillow and CGI.
What are the advantages to refinancing your mortgage?
There are several advantages to refinancing one's mortgage. Some of these include: refinancing can lower one's monthly payment, it helps manage one's credit, and it helps one pay off their mortgage sooner.
Where can one locate a mortgage refinancing calculator?
Someone looking to locate a mortgage refinancing calculator could find one online or at a specialty electronics store. Mortgage refinancing calculators are most easiest to find online.
What is a good reason for refinancing mortgage?
Mortgage refinancing can become a good option when you are facing foreclosure. Of course you have to make sure that you consult your realtor or lender first before doing any actions in relation to your mortgage refinancing plans.
