Homeowners insurance
Definition
Insurance purchased by the borrower, and required by the lender, to protect the property against loss from fire and other hazards. It is the second "I" in PITI. See Questions About Home Owners Insurance.
Related Terms Other terms related to 'Homeowners insurance' starting with the letter 'H' HUD1 form, Hazard insurance, Housing bubble, Housing expense, Home Equity Conversion Mortgage HECM Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 