Homeowner's Insurance
This insurance covers replacement costs for damages caused by fire, wind or other disaster that might affect the value of the property. Typically, the insurance also includes personal liability and theft coverage.
Flood or Quake Insurance
Additional hazard insurance coverage that is required for homes located in a designated hazard zone as established by the Federal Emergency Management Agency (FEMA). As we tour houses, I will let you know if the property resides in a hazard zone.
Private Mortgage Insurance (PMI)
Insurance required for conventional mortgage loans when the borrower's down payment on the house is less than 20 percent of the loan value.
Title Insurance
This policy protects both the buyer and lender by insuring a clear chain of title. (In other words, it insures that that the person who sells the house has the legal right to do so.)
Savings Mortgage Corporation was established in 1992 and proudly provides financing to homebuyers and existing homeowners in the state of Florida.
Mike Kahn, its principal mortgage broker, has been in the real estate and home financing business for over 20 years.
Although Savings Mortgage Corporation uses high tech equipment in the loan approval process, our loan officers are readily available to meet with our customers on a one-on-one basis. We believe this to be is an excellent way to establish a long and trusting relationship.
