What is home warranty at closing?

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A home warranty is a service agreement that covers the cost to repair major appliances and important home system components from normal wear and tear. The warranty is designed to provide protection against unexpected appliance failure.

Do I have to pay mortgage insurance if I put 20 down?

When you put down at least 20 percent, you also typically won’t have to pay for mortgage insurance. Mortgage insurance increases your monthly mortgage payment. Jan 30, 2017

Can FHA PMI be removed?

Getting rid of PMI is fairly straightforward: Once you accrue 20 percent equity in your home, either by making payments to reach that level or by increasing your home’s value, you can request to have PMI removed. Jan 20, 2021