Real Estate
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HELOC and insurance

1,145 Views | 5 Replies | Last: 3 mo ago by rme
BoDog
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9:48a, 8/8/24
AG
Probably a dumb question, but would a HELOC lender require proof of insurance policy on a paid for home?

Even if the credit amount is less than 10% of the home value?
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jja79
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11:02a, 8/8/24
AG
Yes.
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rme
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11:51a, 8/8/24
AG
Bold move going uninsured.
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Nab85ag
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In reply to BoDog • 7:47a, 8/10/24
AG
Highly likely that any lender will require coverage at loan origination; however, some may not track it after closing. Loan amount is relevant.
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BoDog
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In reply to rme • 11:13p, 8/15/24
AG
rme said:
Bold move going uninsured.
Not by choice. I cant get it....
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rme
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In reply to BoDog • 8:11a, 8/16/24
AG
That's not fun, sorry to hear it.
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