What is Hazard Insurance on a Mortgage? (What It Is & What It Covers)
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YouTubeThe Savvy Professor
What is Hazard Insurance on a Mortgage? (What It Is & What It Covers)
What is Hazard Insurance on a Mortgage? (What It Is & What It Covers). In this video, we will discuss hazard insurance on a mortgage. What is Hazard Insurance on a mortgage? Hazard insurance is also referred to as property insurance or homeowners insurance. It is a type of insurance cover that protects the lender and the property owner from ...
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💥 “Home upgrades seem harmless… until they raise your mortgage payment.” Most homeowners don’t realize this can happen until it’s too late 👇 1️⃣ Permits Trigger Reassessment Any upgrade that requires a permit — pools, additions, extra square footage, major remodels — sends the county back to reassess your home at today’s value, not your original purchase price. 2️⃣ Higher Value = Higher Taxes A higher assessed value means higher property taxes, and that increase gets rolled straight into your
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