welcome to:
KNOWLEDGEFINANCIAL.COM
KNOWLEDGEFINANCIAL.COM
Guide To Homeowners Insurance
You don't even have to "own" your home to need homeowners insurance; many landlords require their tenants to have coverage. But whether it's required or not, it's smart to have this
kind of protection anyway. We'll take it step by step as we walk you through the basics of this type of policy.
What the Policy Provides
The elements of a standard homeowners insurance policy provide that the insurer will cover costs related to:
Damage to the interior or exterior of your house - In the event of damage due to fire, hurricanes, lightning, vandalism or other covered disasters, your insurer will compensate you so that
your house can be repaired or even completely rebuilt. Damage that is the result of floods, earthquakes and poor home maintenance is generally not covered and may require separate
riders to provide that protection
Loss or damage to your personal belongings - Clothing, furniture, appliance, and most of the other contents of your home are covered if they're destroyed in an insured disaster. You
can even get "off-premises" coverage, so you could file a claim for lost jewelry, for example - no matter where in the world you lost it. There may be a limit on the amount your insurer will
reimburse you. Even if your Rolex or mink coat is damaged at home, there will be a limit on the coverage for that, too - unless you purchase a separate "floater" policy that insures the
item for its full appraised value.
According to the Insurance Information Institute, most insurance companies will provide coverage for 50-70% of the amount of insurance you have on the structure of your home. If your
house is insured for $200,000, there would be up to about $140,000 worth of coverage for your possessions - would this be enough for you? In order to answer this question, you would
need to have a list of all your possessions and their value, also called a "home inventory".
Personal liability for damage or injuries caused by you or your family - This clause even includes your pets! So, if frisky Fido bites your neighbor Doris, no matter where the bite happens
to occur, your insurer will pay her medical bills. Or, if Junior breaks her Oriental vase, you can file a claim to reimburse her. And if Doris slips on the broken vase pieces and successfully
sues for pain and suffering or lost wages? You'll be covered for that, too, same as if someone is injured on the premises of your home or property. While policies start in the range of
$100,000 coverage, experts recommend having at least $300,000 worth of coverage according to the Insurance Information Institute. For extra protection, a few hundred dollars more in
premium may buy you an extra $1 million or more through "umbrella coverage".
.
You don't even have to "own" your home to need homeowners insurance; many landlords require their tenants to have coverage. But whether it's required or not, it's smart to have this
kind of protection anyway. We'll take it step by step as we walk you through the basics of this type of policy.
What the Policy Provides
The elements of a standard homeowners insurance policy provide that the insurer will cover costs related to:
Damage to the interior or exterior of your house - In the event of damage due to fire, hurricanes, lightning, vandalism or other covered disasters, your insurer will compensate you so that
your house can be repaired or even completely rebuilt. Damage that is the result of floods, earthquakes and poor home maintenance is generally not covered and may require separate
riders to provide that protection
Loss or damage to your personal belongings - Clothing, furniture, appliance, and most of the other contents of your home are covered if they're destroyed in an insured disaster. You
can even get "off-premises" coverage, so you could file a claim for lost jewelry, for example - no matter where in the world you lost it. There may be a limit on the amount your insurer will
reimburse you. Even if your Rolex or mink coat is damaged at home, there will be a limit on the coverage for that, too - unless you purchase a separate "floater" policy that insures the
item for its full appraised value.
According to the Insurance Information Institute, most insurance companies will provide coverage for 50-70% of the amount of insurance you have on the structure of your home. If your
house is insured for $200,000, there would be up to about $140,000 worth of coverage for your possessions - would this be enough for you? In order to answer this question, you would
need to have a list of all your possessions and their value, also called a "home inventory".
Personal liability for damage or injuries caused by you or your family - This clause even includes your pets! So, if frisky Fido bites your neighbor Doris, no matter where the bite happens
to occur, your insurer will pay her medical bills. Or, if Junior breaks her Oriental vase, you can file a claim to reimburse her. And if Doris slips on the broken vase pieces and successfully
sues for pain and suffering or lost wages? You'll be covered for that, too, same as if someone is injured on the premises of your home or property. While policies start in the range of
$100,000 coverage, experts recommend having at least $300,000 worth of coverage according to the Insurance Information Institute. For extra protection, a few hundred dollars more in
premium may buy you an extra $1 million or more through "umbrella coverage".
.
Different Types of Coverage
All insurance is definitely not created equal or, put another way, you get what you pay for. The least costly homeowners insurance will likely give you the least amount of coverage, and
vice versa.
There are essentially three levels of coverage:
Actual cash value - This value covers the house plus the value of your belongings after deducting depreciation (i.e., how much the items are currently worth, not how much you paid
for them).
Replacement cost - This is the actual cash value without the deduction for depreciation, so you would be able to repair or rebuild your home up to the original value.
Guaranteed (or extended) replacement cost - The most comprehensive, this inflation-buffer pays for whatever it costs to repair or build your home - even if it's more than your policy
limit! Certain insurers offer extended replacement, meaning it offers more coverage than you purchased, but there is a ceiling; typically, it is 20-25% higher than the limit.
How Much Does It Cost?
The average yearly premium cost for U.S. homeowners insurance in 2005 was $764, according to a study by the Insurance Information Institute, but premiums vary widely and
depend on multiple factors. First, of course, price will be determined by how much coverage you buy, a decision you can only make after evaluating the market value of your house,
completing a household inventory, and deciding how much liability protection you want.
Other variables that need to be considered include your zip code. If you live in a high-crime area, for example, insurance premiums will be higher. Companies also take into account
the size of your house, how close it is to a fire hydrant, the condition of your plumbing, heating and electrical systems, how many claims were filed against the home you're seeking to
insure, and even details like your credit score that reflect on how responsible a consumer - and, therefore, a homeowner - you are. (If you're worried you won't measure up, read Five
Keys To Unlocking A Better Credit Score.)
All insurance is definitely not created equal or, put another way, you get what you pay for. The least costly homeowners insurance will likely give you the least amount of coverage, and
vice versa.
There are essentially three levels of coverage:
Actual cash value - This value covers the house plus the value of your belongings after deducting depreciation (i.e., how much the items are currently worth, not how much you paid
for them).
Replacement cost - This is the actual cash value without the deduction for depreciation, so you would be able to repair or rebuild your home up to the original value.
Guaranteed (or extended) replacement cost - The most comprehensive, this inflation-buffer pays for whatever it costs to repair or build your home - even if it's more than your policy
limit! Certain insurers offer extended replacement, meaning it offers more coverage than you purchased, but there is a ceiling; typically, it is 20-25% higher than the limit.
How Much Does It Cost?
The average yearly premium cost for U.S. homeowners insurance in 2005 was $764, according to a study by the Insurance Information Institute, but premiums vary widely and
depend on multiple factors. First, of course, price will be determined by how much coverage you buy, a decision you can only make after evaluating the market value of your house,
completing a household inventory, and deciding how much liability protection you want.
Other variables that need to be considered include your zip code. If you live in a high-crime area, for example, insurance premiums will be higher. Companies also take into account
the size of your house, how close it is to a fire hydrant, the condition of your plumbing, heating and electrical systems, how many claims were filed against the home you're seeking to
insure, and even details like your credit score that reflect on how responsible a consumer - and, therefore, a homeowner - you are. (If you're worried you won't measure up, read Five
Keys To Unlocking A Better Credit Score.)
Homeowners Insurance
A form of property insurance designed to protect an individual's home against damages to the house itself, or to possessions in the home.
Homeowners insurance also provides liability coverage against accidents in the home or on the property.
In the U.S. there are seven forms of homeowners insurance that have become standardized in the industry; they range in name from HO-1
through HO-8 and offer various levels of protection depending on the needs of the homeowner.
Also known as "homeowner's/homeowners' insurance".
While homeowners insurance covers most scenarios where loss could occur, some events are typically excluded from policies, namely:
earthquakes, floods or other "acts of God" and acts of war.
For people who live in certain parts of the country, adding an extra policy for earthquake insurance or flood insurance can be a good idea to
offer further home protection and peace of mind. Some homeowners insurance is designed for renters, typically HO-4 or "renters insurance",
and only covers possessions within the home and isolated events not covered in the property insurance held by the owner.
A form of property insurance designed to protect an individual's home against damages to the house itself, or to possessions in the home.
Homeowners insurance also provides liability coverage against accidents in the home or on the property.
In the U.S. there are seven forms of homeowners insurance that have become standardized in the industry; they range in name from HO-1
through HO-8 and offer various levels of protection depending on the needs of the homeowner.
Also known as "homeowner's/homeowners' insurance".
While homeowners insurance covers most scenarios where loss could occur, some events are typically excluded from policies, namely:
earthquakes, floods or other "acts of God" and acts of war.
For people who live in certain parts of the country, adding an extra policy for earthquake insurance or flood insurance can be a good idea to
offer further home protection and peace of mind. Some homeowners insurance is designed for renters, typically HO-4 or "renters insurance",
and only covers possessions within the home and isolated events not covered in the property insurance held by the owner.
Hazard Insurance
Insurance that protects a property owner against damage caused by fires, severe storms, earthquakes or other natural events. As long as the specific event is covered within the
policy, the property owner will receive compensation to cover the cost of any damage incurred. Typically, the property owner will be required to pay for a year's worth of premiums at
the time of closing, but this will depend on the exact details of the policy.
A typical property or homeowners' insurance policy usually won't cover all events that could do damage to your property. Some events will definitely be excluded from homeowners'
insurance in high-risk areas. For example, Florida is prone to hurricanes and is, therefore, considered high risk. If the homeowner lives in a high-risk area, he or she may need a
separate policy - such as a flood insurance policy.
Insurance that protects a property owner against damage caused by fires, severe storms, earthquakes or other natural events. As long as the specific event is covered within the
policy, the property owner will receive compensation to cover the cost of any damage incurred. Typically, the property owner will be required to pay for a year's worth of premiums at
the time of closing, but this will depend on the exact details of the policy.
A typical property or homeowners' insurance policy usually won't cover all events that could do damage to your property. Some events will definitely be excluded from homeowners'
insurance in high-risk areas. For example, Florida is prone to hurricanes and is, therefore, considered high risk. If the homeowner lives in a high-risk area, he or she may need a
separate policy - such as a flood insurance policy.
| Homeowners' Insurance: What You Need to Know Get the basics on homeowners' insurance and the importance of doing a home inventory. Before finalizing a mortgage loan, lenders require home buyers to purchase at least a minimal level of "hazard insurance," which is part of the standard homeowners' insurance policy. Hazard insurance will cover damage or destruction by fire, smoke, wind, hail, theft, vandalism, or another similar event. To protect your own interests, however, you'll probably want to buy comprehensive home owner's insurance, including liability insurance and more complete hazard coverage than your lender requires. What Homeowners' Insurance Covers In addition to covering the house, the hazard portion of your homeowners' insurance protects furnishings and other personal items, as well as any other structures on the property, such as a pool or separate garage (unless you use such structures for nonresidential purposes, such as for your home business). Most policies' hazard coverage doesn't include business equipment, damage caused by natural disasters, or loss of art or jewelry over a certain amount. You will want to purchase additional insurance if your house is in a high-risk area for fire, floods, earthquakes, or other natural disasters or if you have expensive art, jewelry, or business equipment at home. Standard homeowners' policies also cover some types of personal liability -- if the mail carrier, for example, trips over your kid's skateboard or gets clawed by your cat, your policy will pay for the carrier's medical expenses and other losses, up to a certain limit. Unlike hazard insurance, this portion isn't required by your lender -- but is a good idea anyway, since you don't want to lose your house to pay someone's medical bills. Finding Homeowners' Insurance Finding good homeowners' insurance coverage has become surprisingly difficult in some states, such as California and Texas. High payouts for mold and other disasters have made the insurance industry in these states skittish. If either you or the seller of the property have made claims for water damage (the usual precursor to mold), you might actually find that you can't purchase a policy -- or at least not a reasonably priced one. Same thing goes if you've filed many insurance claims in the past -- you might not be able to find a company willing to sell you insurance. You can protect yourself against the possibility of not getting homeowners' insurance for a house you're purchasing by making your obtaining insurance a contingency or condition of finalizing the sale. Claiming Homeowner Losses Guard your policy well once you've got it. Don't file claims unless you have to -- if you file more than two or three claims, your rates will rise and your policy may be canceled. You are best advised to get a policy with a high deductible, so that you've got no reason to file lower-cost claims that will raise your premiums or lead to future cancellation of your policy. (Your lender may, however, insist you not go higher than a certain deductible amount.) Making a Home Inventory If your home is struck by a burglary, fire, flood, earthquake, or other disaster, an up-to-date home inventory will make it easier to deal with police and your insurance company. Without one, you'll have to create a list of all your property from memory. Fortunately, making a home inventory isn't onerous, and might actually prompt you to prevent the loss itself. As you inventory your possessions, you'll become more aware of their vulnerability, and can take steps to secure them. Start by walking through your house with a pad of paper and a still or video camera. Jot down a list of any items worth more than $50 or so and take pictures of them. Go room by room, and don't forget the garage, attic, and basement. Be sure to include jewelry, clothing, stamp or coin collections, CD and record collections, silver, tools, and electronic equipment. Then take a little time to formalize your inventory. Insurance companies often supply inventory . |
Flood Insurance
Flood coverage is a service provided by the National Flood Insurance Program (NFIP) and other private insurers. A standard home insurance policy is designed to protect a
homeowner against loss of personal property inside the home or even damages to the home itself. Personal property is often described as "movable items", or property that can
be moved from one location to another. It includes furniture, clothes, art, writing, household goods, boats, vehicles, etc. The problem with most home insurance policies is that
they exclude natural disasters or "acts of God." Homeowners have come to realize that they have to buy additional insurance to protect themselves from damages that occur due to
theft, wind or flood.
With flood insurance, claim amounts can either be actual cash value or replacement cost of the damaged property or item. Replacement cost is simply the cost to replace the
damaged item. For a damaged house or property to be eligible for replacement cost, three criteria must be met:
The building has to be a single family dwelling.
It must have been occupied for at least 80% of the year.
Building coverage must be at least 80% of the full replacement cost of the building.
Actual cash value is the replacement cost less depreciation. Personal property like carpets, furniture, etc. is always valued at actual cash value.
Flood insurance has two types of policies:
1. Standard Policy: Standard policy covers residential buildings, commercial buildings, manufactured homes and condominiums.
2. Preferred Risk Policy: The preferred risk policy is a cheaper option that covers the area that has low to moderate risk of flood. To get the preferred risk policy, you
have to complete a risk profile, a service that is available on Floodsmart.gov.
Liability Insurance
Liability insurance is designed to protect the insured from various risks, including being sued for negligence and unintentionally causing harm to someone in the course of an
accident. This type of insurance is beneficial to people in high-risk professions like construction, manufacturing and medicine. Liability insurance comes in handy when the
policyholder engages in unintentional behavior during the course of work that causes damage or harm to someone else. For example, if you are a construction worker and a
structure you work on hurts someone, if you did not intentionally cause harm, the insurance company will cover the cost of damages to the injured party.
There are three types of liability insurance:
1. General Liability: This is the most common type of liability insurance. This policy usually covers libel, slander and physical injuries that might occur on a business
property to clients, vendors, etc. Like any other type of insurance, there are always exclusions that apply, so always make sure to carefully read a general liability insurance contract
before you sign it. (Read Exploring Advanced Insurance Contract Fundamentals to learn what your policy covers.)
2. Professional Liability: This coverage protects professionals from claims against them for mistakes made during the course of their job. Some popular examples of
professional liability are malpractice insurance and errors and omissions insurance.
3. Product Liability: This type of coverage is very beneficial to people in the manufacturing business. It protects you if merchandise made by your company turns
defective and is responsible for any injuries or deaths to consumers. There are a lot of things to consider when determining how much coverage to purchase. Some of those
factors include the type of product being manufactured and the safety precautions in place.
Continue Reading Article...
Flood coverage is a service provided by the National Flood Insurance Program (NFIP) and other private insurers. A standard home insurance policy is designed to protect a
homeowner against loss of personal property inside the home or even damages to the home itself. Personal property is often described as "movable items", or property that can
be moved from one location to another. It includes furniture, clothes, art, writing, household goods, boats, vehicles, etc. The problem with most home insurance policies is that
they exclude natural disasters or "acts of God." Homeowners have come to realize that they have to buy additional insurance to protect themselves from damages that occur due to
theft, wind or flood.
With flood insurance, claim amounts can either be actual cash value or replacement cost of the damaged property or item. Replacement cost is simply the cost to replace the
damaged item. For a damaged house or property to be eligible for replacement cost, three criteria must be met:
The building has to be a single family dwelling.
It must have been occupied for at least 80% of the year.
Building coverage must be at least 80% of the full replacement cost of the building.
Actual cash value is the replacement cost less depreciation. Personal property like carpets, furniture, etc. is always valued at actual cash value.
Flood insurance has two types of policies:
1. Standard Policy: Standard policy covers residential buildings, commercial buildings, manufactured homes and condominiums.
2. Preferred Risk Policy: The preferred risk policy is a cheaper option that covers the area that has low to moderate risk of flood. To get the preferred risk policy, you
have to complete a risk profile, a service that is available on Floodsmart.gov.
Liability Insurance
Liability insurance is designed to protect the insured from various risks, including being sued for negligence and unintentionally causing harm to someone in the course of an
accident. This type of insurance is beneficial to people in high-risk professions like construction, manufacturing and medicine. Liability insurance comes in handy when the
policyholder engages in unintentional behavior during the course of work that causes damage or harm to someone else. For example, if you are a construction worker and a
structure you work on hurts someone, if you did not intentionally cause harm, the insurance company will cover the cost of damages to the injured party.
There are three types of liability insurance:
1. General Liability: This is the most common type of liability insurance. This policy usually covers libel, slander and physical injuries that might occur on a business
property to clients, vendors, etc. Like any other type of insurance, there are always exclusions that apply, so always make sure to carefully read a general liability insurance contract
before you sign it. (Read Exploring Advanced Insurance Contract Fundamentals to learn what your policy covers.)
2. Professional Liability: This coverage protects professionals from claims against them for mistakes made during the course of their job. Some popular examples of
professional liability are malpractice insurance and errors and omissions insurance.
3. Product Liability: This type of coverage is very beneficial to people in the manufacturing business. It protects you if merchandise made by your company turns
defective and is responsible for any injuries or deaths to consumers. There are a lot of things to consider when determining how much coverage to purchase. Some of those
factors include the type of product being manufactured and the safety precautions in place.
Continue Reading Article...
 | |  | |  | |  | |  |
INSURANCE: What you need to know about home insurance; understand your insurance contract, learn how to save money on insurance
FORECLOSURE INVESTMENT
The Time is Now to Profit from Foreclosure
A “Perfect Storm” of events has made investing in foreclosure properties better than ever - and now’s the time for you to profit...
THE HOME BUYING GUIDE!--------------------IMPORTANT THINGS TO KNOW BEFORE BUYING...
The home-buying process doesn't need to be scary. Our step-by-step guide will walk you through the process and answer your questions on what you should expect from us as your realtor, where
to look for loans, and what to watch out for when closing the deal.
HOME SELLING: WAYS TO SELL A PROPERTY FAST AND EASY FOR THE TOP PRICE!
Selling a home is a big decision and requires a lot of work. From getting the house ready to reviewing the escrow papers, our helpful guide will walk you through the
process of selling your home.
SHORT SALE: REAL ESTATE INVESTMENT OPPORTUNITY FOR ALL
SHORT SALE allows you to buy as many properties as you want.
Flip them, Hold them, Rent them, Refinance them and make profits.
PRE-CONSTRUCTION, A GREAT WAY TO INVEST IN REAL ESTATE. BUT YOU HAVE TO KNOW THE SECRETS OF IT.
Florida Real Estate for sale: Wonderful prices, great location,extraordinary view,very spacious.
NO OTHER INVESTMENTS BUILD WEALTH LIKE REAL ESTATE!
NOW REALLY IS A GREAT TIME TO BUY A PROPERTY:
COMPETITIVE PRICES, LOW INTEREST RATES, MANY CHOICES
COMMERCIAL REAL ESTATE; A BETTER WAY TO INVEST AND GET RICHER! MULTI-WAYS TO WIN BIG IN REAL ESTATE
1031 Exchange, Tax Saving Tips for Real Estate Investors and landlords Give Financial Advantage
MIAMI REAL ESTATE: The Time is Now to Profit from Real Estate investing--
A “Perfect Storm” of events has made investing in Real Estate properties better than ever - and now’s the time for you to profit...
CALL Mr. ANTONY AT: 786-709-6577 --- Fortune International Realty
COMMERCIAL LEASE: Before you rent space for your business, be sure you understand these basic facts about commercial leases.
Manufactured Homes, Mobile Homes, an Affordable Housing Alternative
We are dedicated ourselves to helping bring prospective buyers of manufactured homes in contact with retailers who sell homes in their area. We aim to help buyers wade through the excess of information
providing a simple directory that enables buyers to quickly and efficiently contact us to help them find the dealers in which they are interested.
The Time is Now to Profit from Foreclosure
A “Perfect Storm” of events has made investing in foreclosure properties better than ever - and now’s the time for you to profit...
THE HOME BUYING GUIDE!--------------------IMPORTANT THINGS TO KNOW BEFORE BUYING...
The home-buying process doesn't need to be scary. Our step-by-step guide will walk you through the process and answer your questions on what you should expect from us as your realtor, where
to look for loans, and what to watch out for when closing the deal.
HOME SELLING: WAYS TO SELL A PROPERTY FAST AND EASY FOR THE TOP PRICE!
Selling a home is a big decision and requires a lot of work. From getting the house ready to reviewing the escrow papers, our helpful guide will walk you through the
process of selling your home.
SHORT SALE: REAL ESTATE INVESTMENT OPPORTUNITY FOR ALL
SHORT SALE allows you to buy as many properties as you want.
Flip them, Hold them, Rent them, Refinance them and make profits.
PRE-CONSTRUCTION, A GREAT WAY TO INVEST IN REAL ESTATE. BUT YOU HAVE TO KNOW THE SECRETS OF IT.
Florida Real Estate for sale: Wonderful prices, great location,extraordinary view,very spacious.
NO OTHER INVESTMENTS BUILD WEALTH LIKE REAL ESTATE!
NOW REALLY IS A GREAT TIME TO BUY A PROPERTY:
COMPETITIVE PRICES, LOW INTEREST RATES, MANY CHOICES
COMMERCIAL REAL ESTATE; A BETTER WAY TO INVEST AND GET RICHER! MULTI-WAYS TO WIN BIG IN REAL ESTATE
1031 Exchange, Tax Saving Tips for Real Estate Investors and landlords Give Financial Advantage
MIAMI REAL ESTATE: The Time is Now to Profit from Real Estate investing--
A “Perfect Storm” of events has made investing in Real Estate properties better than ever - and now’s the time for you to profit...
CALL Mr. ANTONY AT: 786-709-6577 --- Fortune International Realty
COMMERCIAL LEASE: Before you rent space for your business, be sure you understand these basic facts about commercial leases.
Manufactured Homes, Mobile Homes, an Affordable Housing Alternative
We are dedicated ourselves to helping bring prospective buyers of manufactured homes in contact with retailers who sell homes in their area. We aim to help buyers wade through the excess of information
providing a simple directory that enables buyers to quickly and efficiently contact us to help them find the dealers in which they are interested.
WHAT GUIDELINES ARE REQUIRED FOR A MORTGAGE LOAN?
Mortgages are used by individuals and businesses wishing to make large value purchase of real estate without payment the entire value of the purchase up front. Mortgages are also known as lien against
property, or claims on property. Mortgage is a legal agreement that creates an interest in a real estate property between borrower and the lender.
HOW TO UNDERSTAND THE HOME LOAN PROCESS?
Understand that in order to finance or refinance a loan the lender requires documentation to verify and substantiate your employment, credit and financial situation to assure its investors
that you have the ability to repay the MONEY
HOME REFINANCING: 10 GREAT REASONS TO REFINANCE A PROPERTY. NOW IT'S THE BEST TIME FOR REFINANCING, THE INTEREST RATE IS VERY LOW.
MORTGAGE LOAN MODIFICATION PROGRAMS; AN ALTERNATIVE TO REDUCE MONTHLY MORTGAGE PAYMENT, TO AVOID FORECLOSURE, TO SAVE YOUR CREDIT RATING, TO SAVE YOUR
PROPERTY.
REVERSE MORTGAGE
NO MORTGAGE PAYMENTS EVER AGAIN: IF YOU OWNED A HOME AS YOUR PERSONAL RESIDENCE.
TO IMPROVE YOUR QUALITY OF LIFE AND LIVE WITH NO STRESS!
IF YOU'RE 62 YEARS OF AGE OR OLDER, YOU CAN ACHIEVE THIS, THROUGH A REVERSE MORTGAGE, REGULATED BY THE U.S. GOVERNMENT.
FINANCING YOUR REAL ESTATE INVESTMENT; BUYING YOUR FIRST, SECOND, AND OR THIRD PROPERTY. HOW AND WHERE TO FIND MONEY? CLICK RIGHT HERE!
FHA: F H A MORTGAGE LOANS, THE GOVERNMENT IS THERE TO HELP YOU PURCHASE YOUR HOME. PLEASE CONTACT US WE WILL SHOW YOU THE WAY .
MORTGAGE LOAN PRE-QUALIFICATION, LOW INTEREST RATES,
8 Reasons to Get Pre-Approved for a Home Loan
Learn why pre-approval is one of the smartest moves you can make when shopping for a home
Subprime Mortgage
 A type of mortgage that is normally made out to borrowers with lower credit ratings. As a result of the borrower's lowered credit rating, a conventional mortgage is not offered because the lender views
the borrower as having a larger-than-average risk of defaulting on the loan.
FINANCING YOUR REAL ESTATE INVESTMENT; BUYING YOUR FIRST, SECOND, AND OR THIRD PROPERTY. HOW AND WHERE TO FIND MONEY? CLICK RIGHT HERE!
RENTAL PROPERTY / COMMERCIAL REAL ESTATE / COMMERCIAL LEASE Tips for Making Solid Business Agreements and Contracts
Mortgages are used by individuals and businesses wishing to make large value purchase of real estate without payment the entire value of the purchase up front. Mortgages are also known as lien against
property, or claims on property. Mortgage is a legal agreement that creates an interest in a real estate property between borrower and the lender.
HOW TO UNDERSTAND THE HOME LOAN PROCESS?
Understand that in order to finance or refinance a loan the lender requires documentation to verify and substantiate your employment, credit and financial situation to assure its investors
that you have the ability to repay the MONEY
HOME REFINANCING: 10 GREAT REASONS TO REFINANCE A PROPERTY. NOW IT'S THE BEST TIME FOR REFINANCING, THE INTEREST RATE IS VERY LOW.
MORTGAGE LOAN MODIFICATION PROGRAMS; AN ALTERNATIVE TO REDUCE MONTHLY MORTGAGE PAYMENT, TO AVOID FORECLOSURE, TO SAVE YOUR CREDIT RATING, TO SAVE YOUR
PROPERTY.
REVERSE MORTGAGE
NO MORTGAGE PAYMENTS EVER AGAIN: IF YOU OWNED A HOME AS YOUR PERSONAL RESIDENCE.
TO IMPROVE YOUR QUALITY OF LIFE AND LIVE WITH NO STRESS!
IF YOU'RE 62 YEARS OF AGE OR OLDER, YOU CAN ACHIEVE THIS, THROUGH A REVERSE MORTGAGE, REGULATED BY THE U.S. GOVERNMENT.
FINANCING YOUR REAL ESTATE INVESTMENT; BUYING YOUR FIRST, SECOND, AND OR THIRD PROPERTY. HOW AND WHERE TO FIND MONEY? CLICK RIGHT HERE!
FHA: F H A MORTGAGE LOANS, THE GOVERNMENT IS THERE TO HELP YOU PURCHASE YOUR HOME. PLEASE CONTACT US WE WILL SHOW YOU THE WAY .
MORTGAGE LOAN PRE-QUALIFICATION, LOW INTEREST RATES,
8 Reasons to Get Pre-Approved for a Home Loan
Learn why pre-approval is one of the smartest moves you can make when shopping for a home
Subprime Mortgage
 A type of mortgage that is normally made out to borrowers with lower credit ratings. As a result of the borrower's lowered credit rating, a conventional mortgage is not offered because the lender views
the borrower as having a larger-than-average risk of defaulting on the loan.
FINANCING YOUR REAL ESTATE INVESTMENT; BUYING YOUR FIRST, SECOND, AND OR THIRD PROPERTY. HOW AND WHERE TO FIND MONEY? CLICK RIGHT HERE!
RENTAL PROPERTY / COMMERCIAL REAL ESTATE / COMMERCIAL LEASE Tips for Making Solid Business Agreements and Contracts
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| HOME SELLING: We have buyers interested in buying multi-family & commercial properties in Miami Dade county, Broward, Palm Beach, Fort Myers and Port St Lucie area. We are looking for sellers. Call us for free consultation and valuation of your property. 786-709-6577 -- We are Licensed Realtor |
HOME SELLING: Let us sell your property for you; we know well how to market your property to
sell it fast and quick for the top price.
HOUSES, CONDOS, TOWN HOMES, BUSINESSES, LOTS, APARTMENT COMPLEX. CALL A PROFESSIONAL REALTOR AT: 786-709-6577
sell it fast and quick for the top price.
HOUSES, CONDOS, TOWN HOMES, BUSINESSES, LOTS, APARTMENT COMPLEX. CALL A PROFESSIONAL REALTOR AT: 786-709-6577
HOME BUYING PROCESS
WE ARE LICENSED MORTGAGE BROKER. FOR YOUR REAL ESTATE FINANCING, MORTGAGE & LOANS, HOME REFINANCING, HOME
EQUITY, REAL ESTATE INVESTMENTS.
CONTACT Mr. ANTONY AT (786)-709-6577 WE'RE COMPETENT, WE'RE LOYAL, & WE'VE ALL THE EXPERIENCE NECESSARY IN REAL
ESTATE, FINANCE & MORTGAGE TO HELP YOU!
WE ARE LICENSED MORTGAGE BROKER. FOR YOUR REAL ESTATE FINANCING, MORTGAGE & LOANS, HOME REFINANCING, HOME
EQUITY, REAL ESTATE INVESTMENTS.
CONTACT Mr. ANTONY AT (786)-709-6577 WE'RE COMPETENT, WE'RE LOYAL, & WE'VE ALL THE EXPERIENCE NECESSARY IN REAL
ESTATE, FINANCE & MORTGAGE TO HELP YOU!
INSURANCE: WAYS TO MAKE MONEY & SAVE MONEY ON YOUR INSURANCE. 15 Insurance Policies You Don't
Need
Five Insurance Policies Everyone Should Have
Protecting your most important assets is an important step in creating a solid personal financial plan. The right insurance policies will go a long way toward helping you safeguard your
earning power and your possessions
THE IMPORTANCE OF INSURANCE IN SOMEONE'S LIFE!
Your Financial Plan; Insurance is an important element of any sound financial plan
Different types of insurance protect you and your loved ones in different ways against the cost of accidents, illness, disability, and death.
Auto Insurance
Auto insurance protects you from damage to the often considerable investment in a car and/or from liability for damage or injury caused by you or someone driving your vehicle.
The 10 Best Ways to Lower Your Car Insurance Bill
Money saved is money earned. Many people spend more than is absolutely necessary on their daily bills, the things that they take for granted.
Auto Insurance - What do You really Need?
When shopping for car insurance, you must take a number of factors into consideration in order to obtain the best coverage for your needs at a reasonable price. For instance, how much
is your vehicle worth?
Home-owner's Insurance: How to Save Money on Home Insurance?
Home-owner's insurance should allow you to rebuild and refurnish your home after a catastrophe and insulate you from lawsuits if someone is injured on your property.
Guide To Homeowners Insurance: Different Types of Coverage
All insurance is definitely not created equal or, put another way, you get what you pay for. The least costly homeowners insurance will likely give you the least amount of coverage, and
vice versa.
Life Insurance
Life insurance, payable when you die, can provide a surviving spouse, children, and other dependents with the funds necessary to maintain their standards of living, can help repay debt,
and
can fund education tuition costs.
Ways to Reduce Your Life Insurance Premium
While you can't do anything about two of the three main factors affecting your insurance premium (age and family medical history), there are steps you can take regarding the third -
lifestyle. You could lower your insurance premium if you:
Annuities & Pensions Insurance
Basically, an annuity is just a series or stream of payments. “Annuity” comes from the Latin for “year”. In the context of life insurance, it is a contract between you and an insurance
company under which the insurance company pays you money for a stipulated period.
Things to Remember When Buying Health-care
It’s always much easier and much less complicated choosing healthcare coverage from your employer.
Your Health Insurance; and what it should Cover
How to analyzed the costs that you pay under your health-care insurance plan. In this article we’ll look at some of the basic coverages which should be included in your policy.
Need
Five Insurance Policies Everyone Should Have
Protecting your most important assets is an important step in creating a solid personal financial plan. The right insurance policies will go a long way toward helping you safeguard your
earning power and your possessions
THE IMPORTANCE OF INSURANCE IN SOMEONE'S LIFE!
Your Financial Plan; Insurance is an important element of any sound financial plan
Different types of insurance protect you and your loved ones in different ways against the cost of accidents, illness, disability, and death.
Auto Insurance
Auto insurance protects you from damage to the often considerable investment in a car and/or from liability for damage or injury caused by you or someone driving your vehicle.
The 10 Best Ways to Lower Your Car Insurance Bill
Money saved is money earned. Many people spend more than is absolutely necessary on their daily bills, the things that they take for granted.
Auto Insurance - What do You really Need?
When shopping for car insurance, you must take a number of factors into consideration in order to obtain the best coverage for your needs at a reasonable price. For instance, how much
is your vehicle worth?
Home-owner's Insurance: How to Save Money on Home Insurance?
Home-owner's insurance should allow you to rebuild and refurnish your home after a catastrophe and insulate you from lawsuits if someone is injured on your property.
Guide To Homeowners Insurance: Different Types of Coverage
All insurance is definitely not created equal or, put another way, you get what you pay for. The least costly homeowners insurance will likely give you the least amount of coverage, and
vice versa.
Life Insurance
Life insurance, payable when you die, can provide a surviving spouse, children, and other dependents with the funds necessary to maintain their standards of living, can help repay debt,
and
can fund education tuition costs.
Ways to Reduce Your Life Insurance Premium
While you can't do anything about two of the three main factors affecting your insurance premium (age and family medical history), there are steps you can take regarding the third -
lifestyle. You could lower your insurance premium if you:
Annuities & Pensions Insurance
Basically, an annuity is just a series or stream of payments. “Annuity” comes from the Latin for “year”. In the context of life insurance, it is a contract between you and an insurance
company under which the insurance company pays you money for a stipulated period.
Things to Remember When Buying Health-care
It’s always much easier and much less complicated choosing healthcare coverage from your employer.
Your Health Insurance; and what it should Cover
How to analyzed the costs that you pay under your health-care insurance plan. In this article we’ll look at some of the basic coverages which should be included in your policy.
HOMEOWNERS INSURANCE
Homeowners' Insurance: What You Need to Know
Get the basics on homeowners' insurance and the importance of doing a home inventory.
Before finalizing a mortgage loan, lenders require home buyers to purchase at least a minimal level of "hazard insurance," which is part of the standard homeowners' insurance policy. Hazard
insurance will cover damage or destruction by fire, smoke, wind, hail, theft, vandalism, or another similar event. To protect your own interests, however, you'll probably want to buy
comprehensive home owner's insurance, including liability insurance and more complete hazard coverage than your lender requires.
What Homeowners' Insurance Covers In addition to covering the house, the hazard portion of your homeowners' insurance protects furnishings and other personal items, as well as any other
structures on the property, such as a pool or separate garage (unless you use such structures for nonresidential purposes, such as for your home business).
Most policies' hazard coverage doesn't include business equipment, damage caused by natural disasters, or loss of art or jewelry over a certain amount. You will want to purchase additional
insurance if your house is in a high-risk area for fire, floods, earthquakes, or other natural disasters or if you have expensive art, jewelry, or business equipment at home.
Standard homeowners' policies also cover some types of personal liability -- if the mail carrier, for example, trips over your kid's skateboard or gets clawed by your cat, your policy will pay for the
carrier's medical expenses and other losses, up to a certain limit. Unlike hazard insurance, this portion isn't required by your lender -- but is a good idea anyway, since you don't want to lose your
house to pay someone's medical bills.
Finding Homeowners' Insurance Finding good homeowners' insurance coverage has become surprisingly difficult in some states, such as California and Texas. High payouts for mold and other
disasters have made the insurance industry in these states skittish. If either you or the seller of the property have made claims for water damage (the usual precursor to mold), you might actually
find that you can't purchase a policy -- or at least not a reasonably priced one. Same thing goes if you've filed many insurance claims in the past -- you might not be able to find a company
willing to sell you insurance.
You can protect yourself against the possibility of not getting homeowners' insurance for a house you're purchasing by making your obtaining insurance a contingency or condition of finalizing
the sale.
Claiming Homeowner Losses Guard your policy well once you've got it. Don't file claims unless you have to -- if you file more than two or three claims, your rates will rise and your policy may be
canceled. You are best advised to get a policy with a high deductible, so that you've got no reason to file lower-cost claims that will raise your premiums or lead to future cancellation of your
policy. (Your lender may, however, insist you not go higher than a certain deductible amount.)
Making a Home Inventory If your home is struck by a burglary, fire, flood, earthquake, or other disaster, an up-to-date home inventory will make it easier to deal with police and your insurance
company. Without one, you'll have to create a list of all your property from memory.
Fortunately, making a home inventory isn't onerous, and might actually prompt you to prevent the loss itself. As you inventory your possessions, you'll become more aware of their vulnerability,
and can take steps to secure them.
Start by walking through your house with a pad of paper and a still or video camera. Jot down a list of any items worth more than $50 or so and take pictures of them. Go room by room, and don't
forget the garage, attic, and basement. Be sure to include jewelry, clothing, stamp or coin collections, CD and record collections, silver, tools, and electronic equipment.
Then take a little time to formalize your inventory. Insurance companies often supply inventory .
------------------------------------------------------------------------------------------------------------
Get the basics on homeowners' insurance and the importance of doing a home inventory.
Before finalizing a mortgage loan, lenders require home buyers to purchase at least a minimal level of "hazard insurance," which is part of the standard homeowners' insurance policy. Hazard
insurance will cover damage or destruction by fire, smoke, wind, hail, theft, vandalism, or another similar event. To protect your own interests, however, you'll probably want to buy
comprehensive home owner's insurance, including liability insurance and more complete hazard coverage than your lender requires.
What Homeowners' Insurance Covers In addition to covering the house, the hazard portion of your homeowners' insurance protects furnishings and other personal items, as well as any other
structures on the property, such as a pool or separate garage (unless you use such structures for nonresidential purposes, such as for your home business).
Most policies' hazard coverage doesn't include business equipment, damage caused by natural disasters, or loss of art or jewelry over a certain amount. You will want to purchase additional
insurance if your house is in a high-risk area for fire, floods, earthquakes, or other natural disasters or if you have expensive art, jewelry, or business equipment at home.
Standard homeowners' policies also cover some types of personal liability -- if the mail carrier, for example, trips over your kid's skateboard or gets clawed by your cat, your policy will pay for the
carrier's medical expenses and other losses, up to a certain limit. Unlike hazard insurance, this portion isn't required by your lender -- but is a good idea anyway, since you don't want to lose your
house to pay someone's medical bills.
Finding Homeowners' Insurance Finding good homeowners' insurance coverage has become surprisingly difficult in some states, such as California and Texas. High payouts for mold and other
disasters have made the insurance industry in these states skittish. If either you or the seller of the property have made claims for water damage (the usual precursor to mold), you might actually
find that you can't purchase a policy -- or at least not a reasonably priced one. Same thing goes if you've filed many insurance claims in the past -- you might not be able to find a company
willing to sell you insurance.
You can protect yourself against the possibility of not getting homeowners' insurance for a house you're purchasing by making your obtaining insurance a contingency or condition of finalizing
the sale.
Claiming Homeowner Losses Guard your policy well once you've got it. Don't file claims unless you have to -- if you file more than two or three claims, your rates will rise and your policy may be
canceled. You are best advised to get a policy with a high deductible, so that you've got no reason to file lower-cost claims that will raise your premiums or lead to future cancellation of your
policy. (Your lender may, however, insist you not go higher than a certain deductible amount.)
Making a Home Inventory If your home is struck by a burglary, fire, flood, earthquake, or other disaster, an up-to-date home inventory will make it easier to deal with police and your insurance
company. Without one, you'll have to create a list of all your property from memory.
Fortunately, making a home inventory isn't onerous, and might actually prompt you to prevent the loss itself. As you inventory your possessions, you'll become more aware of their vulnerability,
and can take steps to secure them.
Start by walking through your house with a pad of paper and a still or video camera. Jot down a list of any items worth more than $50 or so and take pictures of them. Go room by room, and don't
forget the garage, attic, and basement. Be sure to include jewelry, clothing, stamp or coin collections, CD and record collections, silver, tools, and electronic equipment.
Then take a little time to formalize your inventory. Insurance companies often supply inventory .
------------------------------------------------------------------------------------------------------------