4 ms·

Can you even get a mortgage without insurance?

• jarsin 2y ago
  Not for the majority of people. I've even heard it's becoming a common practice for HOA's to require homeowners insurance so even if you are cash buyer you could still be forced to buy insurance.
• ty6853 2y ago
  Near LA I imagine the land itself is valuable enough to get a loan on and still valuable if it burns.
  • thworp 2y ago
    But is it actually that valuable if no potential buyer could insure a house on it? This is the gist of the article.
    • ty6853 2y ago
      It just means the value of the house without the land has to be captured in the down payment so the bank can't take a loss on it.