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 really just the beginning. As a homeowner, you’re beholden to dozens of expenses — both [...]

By |2019-04-08T16:53:56-04:00January 29th, 2019|Categories: Financial, Purchase|Tags: , , , , , |

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 extra out of pocket. Fortunately, mortgage insurance premiums (or MIP) aren’t permanent. There are several [...]

By |2018-10-19T14:56:42-04:00June 7th, 2018|Categories: Mortgage|Tags: , , , |

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 this PMI and why am I being forced to pay it? For most people, PMI [...]

By |2018-11-19T04:32:29-05:00February 20th, 2018|Categories: Mortgage|Tags: , |

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 happen along the way, homeowners insurance is a necessary part of owning a home. Unfortunately, [...]

By |2018-01-31T14:59:24-05:00February 8th, 2018|Categories: Education, Veterans|Tags: |

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 car loans, and even just your groceries, the truth of the matter is this: homeowners [...]

By |2018-01-31T14:32:22-05:00February 7th, 2018|Categories: Home, Purchase|Tags: |