Rental Property Insurance Tip - Lender Requirements
Posted: July 24, 2015
So you've just committed to refinancing your rental property. You've got the new cap rate all worked out. Your going to pocket some extra money this year. Then two days until closing, your lender asks for your insurance. You gladly hand over your Evidence of Property Insurance that your insurance agent provided. The lender promptly rejects it accompanied by a breakout of the requirements they had...