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Updated about 8 years ago on . Most recent reply

User Stats

26
Posts
6
Votes
Greg Shyne
  • Residential Redeveloper
  • Dallas, TX
6
Votes |
26
Posts

Landlord insurance acceptable for Refi?

Greg Shyne
  • Residential Redeveloper
  • Dallas, TX
Posted

Hello, 

I am currently in the process of refinancing my first rehab property that was purchased using a hard money lender. The property currently has Builder's Risk insurance; however, I was told that I need to obtain a Homeowners Insurance policy. This will be a rental property. 

Would a "landlord" Insurance Policy satisfy the "Homeowners insurance" policy requirement for the mortgage company? I've been researching online and it appears that Landlord Insurance is different than Homeowners Insurance... So, I'm just trying to make I get the right one. 

Thanks! 

Greg

Most Popular Reply

User Stats

26
Posts
6
Votes
Greg Shyne
  • Residential Redeveloper
  • Dallas, TX
6
Votes |
26
Posts
Greg Shyne
  • Residential Redeveloper
  • Dallas, TX
Replied

Thank you both! I truly appreciate the fast responses. This online community here is awesome. 

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