Regular payments made on an insurance policy
Insurance companies usually charge an annual premium when you open a home owner’s insurance policy. For example, if you live in an area that is prone to earthquakes or floods, your premium will be higher to offset the extra risk that an insurance company takes.
Mortgage definitions and Real Estate Terms, Consolidating loans, refinancing mortgages and reverse mortgage process available to anyone. This consumer information site contains several tools and guides to aid in purchasing or refinancing a home or commercial property.