Category: Homeowners Insurance
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Can a landlord make you buy renters insurance?
A decade ago, mandatory renters insurance was so rare that landlords who tried to impose it risked losing tenants. Today it’s as much a part of the rental process as a security deposit, credit check and first month’s rent. But in the early 2000s, when the cost of property insurance for apartment owners skyrocketed, landlords…
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Insurance Basics For New Homeowners (Demo)
You’ve been searching for the perfect house for months. Finally, you find the one. After your offer is accepted and a small mountain of paperwork is signed, it’s yours. What are you going to do next? If you’re smart, before you pack a single box, you will make sure your home insurance has you covered…
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Real Estate Agents Are Jumping Ship and Becoming Free Agents
More and more real estate agents are switching brokerage firms to pursue better deals and commissions. “There’s not a lot of brand loyalty,” said Billy Rose, an agent and co-founder of the Agency in Beverly Hills, CA. “A lot of times they become mercenaries.” The Agency is a firm that attracts many real estate agents…
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New Federal Rules Make It Tougher to Get a Reverse Mortgage
Thanks to a set of new federal rules doled out earlier this week, it has now become a bit more difficult to obtain a reverse mortgage on your home. The good news, however, is that for those who do get them, they will have a lot less to worry about. According to the new regulations,…
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Report: Financial Sector ‘Rooting’ for Mortgage Rate Hikes
As mortgage interest rates continue to remain at historic lows, potential homebuyers are loving it and the financial sector is hating it. “There’s virtually nothing in the financial services area that’s benefiting from continued lower and lower rates,” Barclays CEO Bob Diamond said at the Milken Conference in Los Angeles on Monday. “[We are] rooting…
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San Francisco Is Most Expensive City In U.S. For Home Buyers
According to a report released by HSH, San Francisco is the most expensive city in the United States for home buyers. San Francisco homes have a median home price of $679,000 with median monthly payments of $3,199.69. The report calculates that a person would need to make at least $137,129.55 per year to live in San Francisco.…
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Household Debt Continues Increase
According to a survey done by the Federal Reserve Bank of New York, American household debt has increased for the third straight quarter. The report on household debt and credit revealed that mortgages have dropped to the lowest level since last year. Continue to original source