Do I have to have homeowners insurance?
As a general rule, yes. If there is a mortgage on your home, normally the lender will demand that you buy, and keep holding, homeowners insurance for the whole duration of the loan period. The premium for paying for the insurance may be escrowed with your loan payment or […]
Can I buy any house I like with a home loan?
Well, it all depends on two issues: what kind of house you intend to buy and how much money a mortgage company is going to lend you. Typically, the bigger the house, the more money and income will be required. Moreover, the maximum sum of […]
As a person with a lot of experience in insurance I suggest that if you’re a real estate owner you should check your coverage each year in order to find out whether you have enough insurance to rebuild your house and replace your belongings if everything is lost in a fire or other unexpected event. […]
