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Marc Goldstein, Broker/Owner
National Realty
Office:  410-653-7653(SOLD)
Cell: 410-598-9900
Email: baltimorerealtor@aol.com

Thank you for visiting today. If this is your first visit, please take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all of your real estate needs!

Understanding insurance costs at closing

Insurance Closing Costs

Homeowner's Insurance
This insurance covers replacement costs for damages caused by fire, wind or other disaster that might affect the value of the property. Typically, the insurance also includes personal liability and theft coverage.

Flood or Quake Insurance
Additional hazard insurance coverage that is required for homes located in a designated hazard zone as established by the Federal Emergency Management Agency (FEMA). As we tour houses, I will let you know if the property resides in a hazard zone.

Private Mortgage Insurance (PMI)
Insurance required for conventional mortgage loans when the borrower's down payment on the house is less than 20 percent of the loan value.

Title Insurance
This policy protects both the buyer and lender by insuring a clear chain of title. (In other words, it insures that that the person who sells the house has the legal right to do so.)

National Realty • 1777 Reisterstown Rd, Suite 206 West • Baltimore, MD 21208
Phone: 410-653-SOLD(7653) • Cell: 410-598-9900 • Fax: 410-653-3830
Toll-free: 1-800-770-6404

Copyright © 2011 National Realty
Portions Copyright © 2011 a la mode, inc.
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All rate, payment, and area information are estimates and approximations only.