Jim Potts

Synergy One Lending Inc.

  • Home
  • Resources
    • First Time Buyer Tips
    • First Time Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Programs
    • Loan Process
    • Mortgage Glossary
  • Buyer & Seller Guides
    • Construction & Renovation Loan Learning Center
    • Home Buyer Handbook
    • Buying a Home
    • Comprando Una Casa
    • Selling Your House
    • Vendiendo Su Casa
  • Schedule Appointment
  • Apply
  • Reviews
    • My Reviews
    • Google Reviews
  • About Jim
  • Contact Us

Reasons You Need an Insurance Binder and How to Get One

October 24, 2023 by Jim Potts

When a borrower applies for a mortgage loan, the lender typically requires proof of insurance coverage before they approve the loan. An insurance binder is a document issued by the insurance company that provides temporary proof of insurance coverage until the official insurance policy is issued.

The insurance binder for mortgage loans will typically include information about the property being insured, the coverage limits, and the effective date of the policy. The lender will review the insurance binder to ensure that it meets their requirements for coverage and will usually require the borrower to maintain insurance coverage for the duration of the mortgage loan. read more

Filed Under: Mortgage Tagged With: Insurance Binder, Mortgage Insurance, Premiums

The Top Questions To Ask A Mortgage Lender

July 27, 2022 by Jim Potts

With many people interested in taking out a home loan, it is critical for potential homeowners to think carefully about which loan structure is right for them.

Filed Under: Loan Tips Reno Tagged With: Credit Score, Mortgage, Mortgage Insurance

  • 1
  • 2
  • 3
  • …
  • 5
  • Next Page »

Jim Potts

Jim Potts


Branch Manager
Call (760) 337-8100
NMLS# 227144
Synergy One Lending Logo

How can I help?


0 / 180

Connect With Me

Archives

Latest Articles

  • What’s Ahead For Mortgage Rates This Week – December 4, 2023
  • Managing the Construction Loan Budget
  • Negotiating Homebuying Costs: Securing Your Dream Home at the Right Price
  • Transforming Your Space One Project at a Time

Our Location


3131 Camino Del Rio N #150
San Diego, CA 92108

Synergy One Lending Inc. | NMLS #1907235
nmlsconsumeraccess.org

Licensing | Privacy Policy

eql

Copyright © 2023 · Powered by MySMARTblog