Homeowners insurance can be a hot issueDon DeBat
Why you need homeowners insurance and what you can do to get lower rates. (iStock) At the peak of the pandemic, the U.S. unemployment rate rose to 14.8%, the highest rate on record since the Congressional Research Service began collecting data in 1948. This type of financial uncertainty...
By the numbers:Between provider switchups and rising costs, many Florida homeowners have reached the limit of what they can afford to pay for premiums. 12% of Florida homeowners have been dropped by their insurance company, compared to 8.3% nationally,per Newsweek. The state has the highest nu...
Homeowners who installed solar panels, geothermal heat systems, and wind turbines in 2020 and 2021 may receive a tax credit worth up to 26% of the cost.18In August 2022, Congress increased this credit to 30% for installations carried out between 2022-2032. There is no maximum amount that ...
Singles have a disadvantage when it comes to paying for housing. Read on to see how you can swing rent on just one income.
Eliminate PMI: Cancel your private mortgage insurance when your equity reaches 20%. Usually, PMI is automatically canceled once your equity reaches 22%. However, you can request its removal at 20%.9 Consolidate debt: You can use a home equity loan or line of credit backed by equity to pay...
Emergency repairs are a fact of homeowner life. Maintaining an emergency savings account is a good way to handle the unexpected, and of course there’s homeowners insurance too. But if you don’t have any savings set aside, or if your coverage is falling short, what then? It might make ...
is a question many homeowners ask. The decision should be based on your current financial situation and future objectives. Verify your refinance eligibility. Start here (Jan 8th, 2025) “What’s most important to focus on is, what are the monthly and lifetime savings of the loan? What ...
Financial advisors can help you figure outhow much home you can realistically affordwhile navigating theimpact of interest rates and other economic factorson your monthly mortgage payments. They can answer the many questions you’re bound to have about homeowners insurance, escrow and ways to boost...
Another one of the home changes that can affect homeowners insurance is when you update parts of your home that contribute to maintaining it, increasing safety, etc. When your home improvement project is oriented towards updating critical components in your home, such as the roof, the heating ...