IdiosyncraticIdiot@sh.itjust.works to memes@lemmy.world · 9 months agoSpare a dollar?sh.itjust.worksimagemessage-square7fedilinkarrow-up12arrow-down10
arrow-up12arrow-down1imageSpare a dollar?sh.itjust.worksIdiosyncraticIdiot@sh.itjust.works to memes@lemmy.world · 9 months agomessage-square7fedilink
minus-squareGingernate@programming.devlinkfedilinkarrow-up0·9 months agoWhat assets? They put 100% down! Haha
minus-squareqjkxbmwvz@lemmy.sdf.orglinkfedilinkarrow-up0·9 months agoThe home insurance covers the home, so it’s useful for all interested parties (owner, possibly bank). Even if the bank doesn’t have any interest in the house (cash sale/no mortgage), I would absolutely want to insure the house! Owning a house means you don’t pay rent, but you do have to pay taxes and, unless you really want to gamble, insurance.
minus-squareGingernate@programming.devlinkfedilinkarrow-up0·9 months agoThat’s not a mortgage though.
What assets? They put 100% down! Haha
The home insurance covers the home, so it’s useful for all interested parties (owner, possibly bank).
Even if the bank doesn’t have any interest in the house (cash sale/no mortgage), I would absolutely want to insure the house!
Owning a house means you don’t pay rent, but you do have to pay taxes and, unless you really want to gamble, insurance.
That’s not a mortgage though.