Monday, March 19, 2012

Is federal flood insurance required for a non-conforming loan from ...

mbrcatz says:

Yes.

Without flood insurance (and there IS no flood insurance for homes, outside of the NFIP), the loan is completely NOT SELLABLE. That means, you can do ?owner financing? and not be required to have the insurance, but for BANK loans, you will still need it.

Read the fine print, please, before signing your contract!

Source: http://www.xmastips.com/home-insurance/is-federal-flood-insurance-required-for-a-non-conforming-loan-from-the-bank/

matt leinart cyber monday 2011 cyber monday 2011 turkey pot pie turkey pot pie southern university regenesis

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.