When you purchase a new home, many real estate experts will advise you to obtain certain types of protection, including homeowners’ insurance and title insurance, which shield you against financial loss resulting from defects in a property’s title (i.e., a document certifying legal ownership). Another type of insurance that protects a mortgage lender is PMI: […]
How Is Title Insurance Cost Calculated?
If you have recently become a homeowner, you may likely have several questions regarding the additional expenses you should expect to incur aside from your mortgage and utilities, including how is title insurance cost calculated?. Homeowner’s insurance is undoubtedly one extremely important form of protection to acquire. However, there is another type of insurance you […]
How Does A HELOC Work?
If you have decided to refinance your mortgage because you are in a difficult financial situation, this could prove to be a sound option for many reasons. Aside from lower monthly payments and a reduced loan term, one of the benefits of refinancing involves consolidating your home equity line of credit (HELOC) and first home […]
Do I Need Title Insurance When Buying Land?
If you are planning to purchase a piece of land, you may have questions about its value, what it can legally be used for, and how you can protect it. In fact, there is one form of insurance that can protect this type of property: title insurance – which is substantially different from other forms […]
Why Do Most Home Buyers Prefer A Fixed Rate Mortgage?
If you’re seeking to purchase your first home, you may likely feel overwhelmed by the process, in part because there are several different options for mortgage loans. However, research reveals most homebuyers prefer fixed-rate mortgages due to the stability and security they provide. According to the Federal Reserve Bank of St. Louis, the average (not […]