Wait! What does that cost?
Like your owner’s policy premium was determined by the value of your property, the lender’s premium is determined by the amount of the loan you are getting and the length of time since that last time the property was sold or refinanced. Recently, Pennsylvania established 2 new discounted rates for lender’s policies, the Mortgage Rates. These are for properties that are either (a) being refinanced within 2-4 years of a previous purchase or refinance or (b) under 2 years of your last purchase or refinance.
Back to FAQ List