When you borrow on a mortgage to buy a new home, the lender will require you to purchase
A) life insurance.
B) homeowner's insurance.
C) disability insurance.
D) The lender will require you to purchase all three types of insurance to protect their loan.

Question

Quizplus · Accepted Answer

Homeowner's insurance is required by lenders when you take out a mortgage to protect the investment against damage or loss due to events like fires, storms, or theft.

When You Borrow on a Mortgage to Buy a New