Don’t forget homeowners insurance Your lender may require you to get homeowners insurance as part of the approval process. Even if they do not, it’s a good time to get quotes from your insurance company, or shop your homeowners insurance policy around with a few providers to get the best...
If you are not familiar with PMI, it is a fee you pay a lender when you don’t have a twenty percent down payment. You might think of PMI is insurance for the lender in the event you default on your loan. While PMI serves the purpose of getting buyers into homes before they have ...
Here’s a buyer's guide for first-time homeowners on the basics of home insurance and finding the plan that offers the right insurance coverage for you. If you’re shopping for home insurance, visit Credible to get more insurance tips and explore insurance rates and policies from their ...
Are you ready to buy your first house? If you’re ready to take that first step to homeownership, we have plenty ofhelpful resources and calculatorsfor soon-to-be homeowners. You can read this detailed breakdown ofhow mortgages workor find out if youpreapproved for a home mortgage. Speak ...
Buying home insurance is a simple task when you break it down into steps. Purchasing a homeowners policy works similarly to other types of insurance, but there are a few differences. First, the factors that affect your rates are unique to home insurance. These factors include: ...
Buying Homeowners Insurance? Take This Advice: Shop AroundConsumer advocates chant a mantra when it comes to buying insurance: Shop around, shop around, shop around.Gallagher, Jim
Educate yourself fully before making a large home or auto purchase. Read information from Huntington Bank about challenges facing homeowners and those new to car shopping.
First-time homeowners may be eligible for mortgage interest tax credits for a portion of the interest that the state pays on their behalf. To do this, you must obtain a “mortgage credit certificate” from your state or local government before obtaining a mortgage. Contact your local government...
Homeowners insurance is typically required to secure home loans, including VA loans. For VA loans, lenders often ask veterans to pay a full year's worth of insurance upfront, with future payments added monthly into an escrow account along with the mortgage payment. Besides being a loan requirem...
“Nearly three in four homeowners say they would still buy their current home if they had it to do [sic] all over again.” That means the results – owning a home and the benefits that come with it – outweigh the effort needed to achieve their goal. If you’re a homebuyer, let th...