5 recommended insurances not always in a homeowners policy

Real estate must be insured before a lender will close on a mortgage. First time house buyers need to buy homeowner’s insurance before closing on their property and have the policy approved by the lender before closing. If they buy a condo, the condo association has already chosen the insurance and is paying for it

What Does an Insurance Agent Do When You’re Buying a Home?

Single-family home buyers need to purchase homeowner’s insurance shortly before they close. Some have never bought any insurance before. If that is your situation, what do you need to know? What to be ready to pay before closing Short answer: You will pay 15 months of homeowner’s insurance by closing day. For houses, lenders will

After the storm, who pays the bills for fallen trees?

Yesterday's dramatic storm poses this question for homeowners: If a tree falls in a neighborhood, does it make a sound? You bet! It sounds like this: “@%@^#$” What happens if a neighbor’s tree falls on your house? Which insurance company will foot the bill? Damage to property from falling trees or branches Every time a

By |2020-07-23T07:11:03-04:00April 15th, 2020|Categories: Happy Home Ownership, Health and safety|Tags: , , , , |

Basics about the Good Faith Estimate

Yet another one of my clients is staying up at night worrying about whether his lender is about to bait-and-switch him, causing thousands of dollars to be added to his closing costs. The changes to the Good Faith Estimate rules, have made me more confident that this kind of consumer manipulation is in the past.