First Time Home Buyer MN
Glossary - H

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Hazard insurance. Insurance policy that combines liability coverage and hazard insurance.

Home equity loan. A mortgage based on the borrower’s equity in the home.

Home inspection. An examination of a house by a professional inspector. The inspector's jobis to inform the client of the condition of the home, describe any problems discovered, and explain how and why they occurred.

Homeowner’s Insurance. An insurance policy that combines liability coverage and hazard insurance.

Homeowner’s warranty. A type of insurance that covers repairs to specified parts of a house for a specific period of time.

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