Live Insurance News

Force placed insurance rules on their way to New York

September 23, 2013September 21, 2013 Julie Campbell

The state intends to implement some sizable and widespread regulations to this practice. Officials from New York have just proposed a new comprehensive list of rules in order to reform the practices of force placed insurance (also known as lender placed or creditor placed), for the industry within that state. These regulations are meant to help to make sure that the procedures will be kept free of abuse. This Department of Financial Services (DFS) in New York has stated that the regulations for force placed insurance are being designed in…

I Need to Get a Mortgage – Who do I Call First?

September 21, 2013April 17, 2014 Kirk Chivas

Mortgage rates have risen about 1% in the last 4 months of 2013. We even had some days that rates would rise 4 times in one day (read about that here). Refinancing your loan is no longer the cool topic at the hors d’oeuvre table at the Bunco party or at the water cooler discussion in the office. This is usually the spot where you will find a “topper” or “one-upper” who jumps into the conversation and says “Oh, yeah… Well I got a mortgage rate of 1.99% for 30…

12 First Time Homebuyer Mistakes to Avoid

September 14, 2013April 17, 2014 Kirk Chivas

As the housing market and economy continue to strengthen, many folks feel they are back on their feet and are looking to buy their first home. The price for renting a home continues to increase as well, adding urgency to many young adults. Understanding the Home Buying Process Buying your first home is an intimidating process. Not only is this uncharted territory, this is usually the largest financial purchase you will make in your lifetime. Plus, there are a lot of moving parts including finding a home, making the offer,…