insurance
What Is Flood Insurance? And When Is It Required?
General homeowner’s insurance policies don’t cover flood-related damages. While they might extend to plumbing-related flooding, if your home is flooded due to a storm, hurricane, or another natural disaster, they won’t be of much help at all. In these situations,…
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Home Insurance Rates are Rising; Here’s How to Get the Best Deal
It’s no secret that Americans have been spending more time at home in the last year. And while it can certainly be stifling, there’s another, more expensive consequence of all those hours in the house: Higher insurance rates. It’s true.…
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The 8 Most Common Unexpected Costs of Homeownership (and How to Prepare!)
If you’re on the hunt for a home, you’re likely well aware of listing prices, down payments, and maybe even closing costs. But as expensive as those all are, they’re not the end of your homeownership costs. In fact, they’re…
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How to: Lower Monthly Insurance Premiums
Are you tired of paying an extra $50 a month in mortgage insurance? You’re not alone. The average homeowner pays about $500 every year for MIP — and over the course of their loan life? That means thousands and thousands…
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There’s a 2017 Tax Deduction You Thought Was Gone—But It’s Not
When you bought your home, did you put down less than 20% for your down payment? If so, there’s a good chance you’ve been paying private mortgage insurance (PMI). PMI helps a lot of folks qualify to purchase homes, but…
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What Is PMI?
Maybe you’ve heard the term thrown around by your lender or loan officer, you’ve spotted a “PMI” line item on your closing disclosure, or you’re seeing “PMI” on your escrow statements. Whatever the reason, you want to know: what is…
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Military Homeowners Insurance: Military and Veterans’ Discounts
Your home is an investment—and probably the biggest one you’ll ever make. Want to protect that investment? That’s where homeowners insurance comes in. Designed to safeguard your home (and your finances) against weather, theft, natural disaster, or anything else that might…
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Homeowners Insurance: Why It’s Important
Whether you’re a first-time home buyer or you’re well into paying off your mortgage, one thing’s for certain. You need homeowners insurance. Though it’s frustrating to add yet another monthly cost on top of your mortgage payment, your utilities, your…
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