It’s usually last on your list of things to think about when your offer on the new home gets accepted; locking down the homeowner’s insurance company you are going to use and securing the policy. An experienced mortgage broker will insist you get started on picking the insurance carrier as soon as your offer gets accepted. What’s the big rush? You are thinking that the closing will not take place for 3-4 weeks so you have plenty of time to shop around and get it done. Why do I have…
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Common Family Financial Problems and Their Solutions
Today’s financial worries hit home… The harsh economic realities of recent years have caused many families to struggle financially. There are several areas in which a family can get into trouble. The following are 5 common areas of distress, and realistic solutions for each. Underwater Mortgage After the recent economic crisis, many families found themselves with an underwater mortgage. Basically, they owed more on their house than it was worth. The first step, especially if a homeowner wants to stay in the home, is to get the house reappraised. If…
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