Refinancing a Mortgage
Homeowners refinance their mortgages for several reasons, including pulling out home equity, or to save money with a lower interest rate.
Choosing a Mortgage
Your home will likely be one of the largest financed purchases, so it is important that you find the right mortgage for your financial situation.
Shopping for a Mortgage
When shopping for a mortgage, it is best to request a Good Faith Estimate with the lender’s best interest rate with zero points from several lenders. This way you can compare the interest rates and closing costs.
How to Maximize Your Dollars When Purchasing a Home
While it is advisable to put a 20% down payment for a home purchase, you should calculate the best use of your money if you have more than 20% to put down. You may find you get a better return if the money were invested, rather than reducing your mortgage loan.
Homeowners Insurance—Casualty Coverage
Homeowners insurance provides homeowners with coverage for the loss of the home and personal belongings, as well as liability protection. It also protects the mortgage lender’s investment. Lenders require proof that homeowners insurance has been secured before the closing.
Homeowners Insurance: Liability Protection
Homeowners insurance provides homeowners with coverage for the loss of the home and personal belongings, as well as liability protection. Today, we will discuss liability protection.
The Personal Auto Policy
The personal auto policy is divided into the following six parts: liability coverage, medical payments coverage, uninsured motorist coverage, physical damage coverage, duties after an accident or loss, and general provisions.
Mortgage Rate Locks
Locking in a mortgage rate often ensures you receive the best rate possible, but there are a few items to look out for.
Rental Income and Expenses
Owning an rental property comes with some tax implications, and not just the great “tax write-off” you’ve heard about.