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26
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Greg Shyne
  • Residential Redeveloper
  • Dallas, TX
6
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26
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Landlord insurance acceptable for Refi?

Greg Shyne
  • Residential Redeveloper
  • Dallas, TX
Posted

Hello, 

I am currently in the process of refinancing my first rehab property that was purchased using a hard money lender. The property currently has Builder's Risk insurance; however, I was told that I need to obtain a Homeowners Insurance policy. This will be a rental property. 

Would a "landlord" Insurance Policy satisfy the "Homeowners insurance" policy requirement for the mortgage company? I've been researching online and it appears that Landlord Insurance is different than Homeowners Insurance... So, I'm just trying to make I get the right one. 

Thanks! 

Greg

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