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Insurance

Find a Good Balance Between Your Insurance Premiums and Your Home Mortgage

Owning a home may be the American Dream, but this dream does not come cheap. Between your mortgage payments, your insurance premiums, and all of your recurring bills, managing your bills and maintaining your home can get expensive if you do not know how to balance everything.

Home Financing

How to Shop for a Mortgage

The mortgage market is more complex than it was before the last recession hit, making it more difficult for consumers to obtain financing.

Home Financing

What Are My Mortgage Options?

If you are in the market for a home, your mortgage options go beyond the traditional 30-year mortgage. Fixed rate, variable interest rate and balloon mortgages are available today, with each one offering advantages and disadvantages that consumers should be aware of.

Insurance

Your Homeowners Insurance Following a Natural Disaster

Maybe you dodged a bullet with the latest natural disaster. Or, perhaps, you had to file a claim and are still handling repairs.

Home Financing

How to Refinance Your Home

Homeowners enticed by historically low interest rates are considering refinancing their homes. This may be an option for you as well, especially if you took out a mortgage several years ago and are paying an interest rate that is at least one point higher than your current rate.

Home Financing

What You Need to Know About a Home Equity Line of Credit

A home equity line of credit or HELOC is a popular borrowing option for homeowners, but is handled differently than a home equity loan or HEL. With a HEL, you receive your money up front.

Home Financing

Refinancing Considerations for Homeowners

With mortgage rates still flirting with historic lows, refinancing now can help you avoid higher rates later on when inflation inevitably becomes a factor. Interest rates have been held artificially low thanks to fed action, but few analysts believe that they’ll stay this low for years, perhaps for just months to come.

Home Financing

Will Mortgage Providers Ease Lending Standards?

The U.S. housing market is certainly not stellar, but it apparently has put its very worst years behind it. The S&P/Case-Shiller home index rose by 2.2 percent in May, with all 20 of the nation’s largest metropolitan areas posting average housing price gains over April.

Financing

Mortgage Rates Fall As Do Refinancing Applications

CNBC real estate reporter Diana Olick had it right when she stated that the current refinancing trends “defies logic.”

Insurance

Derecho Recovery and Homeowners Insurance

The word “derecho” may not be part of most people’s vocabulary, but it is a word you heard often over the past week. It is a Spanish word that is pronounced “day-ret-cho” and means right or straight, the type of winds that pummeled states from Ohio to Virginia.

Insurance

Just Renovated Your Home? You Might Need Better Contents Insurance

So you’ve just renovated your house or flat, made it into a home of which you can be proud and increased its market value. What could possibly go wrong?

Home Financing

Should You Buy Off Campus Housing?

Forget the costly home improvement project: you still have one or more children to put through college, an expense that will drain you of your available capital. A desired home renovation project can wait, with those plans perhaps shelved until after your youngest graduates from college.

Insurance

Is Your Homeowner’s Insurance Adequate?

If you have recently completed an update to your home, is your homeowner’s insurance still providing adequate coverage?

Home Financing

A Second Mortgage and Your Home

A second mortgage is debt that along with your first mortgage must be paid back to satisfy the lien on your home.

Home Financing

Low Appraisals and Your Home’s Refi

Refinancing a home can yield tremendous savings for some homeowners, but getting it refinanced means having it appraised properly.

Home Financing

Is it Time for a Fresh Look at Adjustable Rate Mortgages?

Say “adjustable rate mortgage” to many consumers and you’ll hear a variety or responses, with not a few being quite negative. That’s because ARMs are associated with sub-prime lending, which was quite common and have been routinely blamed for our current mortgage crisis.

Home Financing

How to Obtain a Home Equity Line of Credit

A home equity line of credit (HELOC) is type of revolving credit. When choosing a HELOC, your home serves as collateral the moment funds are withdrawn from your credit line.

Financing

Mortgage Settlement Could Lead to New Scams Warns Task Force

Consumers are being warned that the recent news stories about several fresh initiatives to help beleaguered homeowners handle their mortgages may trigger a fresh onslaught of scams.

Home Financing

How to Get a Home Equity Loan

If you have owned your home for several years, you may have built up some equity. That equity can be tapped to pay for some major improvements or cover smaller projects such as new fixtures, a refreshed kitchen or new floors.

Financing

5 Mortgage Tips For 2012

Not all homeowners will renovate their homes, with some people choosing to upgrade to a new home instead of undertaking a time-consuming and costly renovation. With home prices down nearly across the board, buying a home now can be a sensible alternative to renovating your current residence.