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

The lender will require you to purchase homeowner's insurance to protect their investment in the property. This type of insurance will cover damage or loss to the home and property in case of natural disasters, theft, or other unexpected events. While life and disability insurance can provide additional coverage, they are not typically required by the lender for a mortgage loan.

When You Borrow on a Mortgage to Buy a New