As Spikes in Premiums Derail Deals, How Can You Avoid Risks?

Mortgage Professional America, Dec. 18, 2020–David Kitai
Reinsurance rates, which have stayed low for around the last 10 years, are starting to climb, especially in geographies exposed to hurricane or wildfire risk, resulting in higher homeowners’ insurance premiums. This means the previously low insurance premium estimates mortgage pros could count on when setting up a loan for a client can come back shockingly high, potentially derailing the whole deal.
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