I saw the term hazard insurance on my estimate. What does it mean? Hazard insurance is simply another way of saying home insurance. Read Full Article Share FacebookTwitterLinkedIn
What do I need to know about homeowners insurance? Homeowner’s insurance is required as a condition of a mortgage. It’s important because it protects the home from various hazards such as fire and smoke damage, weather-related damage, theft of property, vandalism, and more. Homeowners insurance also protects the lender’s… Read Full Article Share FacebookTwitterLinkedIn
What are some common mistakes first time home buyers make? Becoming a homeowner can be filled with hidden and unexpected challenges if you’re unprepared. Common mistakes include buying a house before you’re ready, being unrealistic about your budget, underestimating the cost of homeownership, not saving enough for emergencies, not taking… Read Full Article Share FacebookTwitterLinkedIn
Can I afford a mortgage despite carrying student loan debt? It’s not a secret that having a mortgage plus student loan debt is challenging, but with thorough planning and discipline, it’s possible. The keys to affording a mortgage while also paying off student debt include managing your debt-to-income ratio, reducing… Read Full Article Share FacebookTwitterLinkedIn
Can I exclude debts that I co-signed? This question is common, especially for parents who have co-signed for a car or student loan for one of their children. If you’re a co-signer on a loan, and you’re looking to get approved for a mortgage, you may be… Read Full Article Share FacebookTwitterLinkedIn
Should I do anything before I start house hunting? One of the most important steps in the home buying process takes place before you even look at your first home. It’s important to make time in your schedule to carefully review your finances. Some questions to consider: · Do… Read Full Article Share FacebookTwitterLinkedIn