5 Things To Know About Severe Weather And Homeowners Insurance

The average homeowner feels secure knowing they have insurance in the event of a severe weather calamity. Most people believe that no matter what happens, they have paid for protection against disaster. Unfortunately, not every homeowners insurance policy provides full reimbursement from severe weather losses. Hurricanes, tornados, earthquakes and other rare catastrophes may not be covered under your current policy. Consider the impact of these extreme events and whether you are fully insured for the subsequent losses. 1: Hurricane Damage May Not Be Fully Covered The recent national mobilization to deal with the fallout from Hurricane Florence highlights just how…
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Best Things To Do Now To Get Your Finances Mortgage Ready

You probably already know that qualifying for a mortgage can be the biggest hurdle -- aside from actually finding that dream property -- along the path to home ownership. Rather than agonizing about it, however, there are some positive actions you can take in advance to help you realize your dream. Take A Close Look At Your Budget If you don't currently operate with a comprehensive household budget, get started now to analyze your income and monitor your spending habits. There's no better way to prepare for home ownership than by being realistic about how you spend your money. If…
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Looking to Pay Back Your Mortgage Faster? Three Reasons to Consider Switching to Bi-weekly Payments

While there are differing schools of thought when it comes to whether or not a person should pay off a mortgage before the loan term ends, there may be some benefits to making payments on a bi-weekly basis as opposed to monthly basis. What are some of the reasons why it may be beneficial to make two payments a month instead of one? Here are three reasons why you should ditch the monthly fees and make payments once every two weeks. You'll Make An Extra Payment Per Year If you're looking to pay off your mortgage ahead of schedule, making…
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What’s Ahead For Mortgage Rates This Week – September 18, 2023

The previous week offered a blend of economic updates, encompassing data on inflation trends, the pulse of consumer sentiment, and the weekly oscillations in mortgage rates and unemployment claims. August Sees a Slight Upward Trend in Inflation The latest data on monthly inflation was made public on September 13th, revealing that core inflation in August experienced a jump of 0.3 percent over its July reading. This number is a tad above the anticipated 0.2 percent and also overshadows July's reading, which was set at 0.2 percent relative to the preceding month. Drawing from the Consumer Price Index, August witnessed a…
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What’s Ahead For Mortgage Rates This Week – September 18, 2023

The previous week offered a blend of economic updates, encompassing data on inflation trends, the pulse of consumer sentiment, and the weekly oscillations in mortgage rates and unemployment claims. August Sees a Slight Upward Trend in Inflation The latest data on monthly inflation was made public on September 13th, revealing that core inflation in August experienced a jump of 0.3 percent over its July reading. This number is a tad above the anticipated 0.2 percent and also overshadows July's reading, which was set at 0.2 percent relative to the preceding month. Drawing from the Consumer Price Index, August witnessed a…
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