First Home, First Loan

Helping to make home ownership a pleasant reality
Find A Mortgage Now!
Find A Realtor Now!

You are currently browsing the archives for the Insurance/Taxes/Utilities category.

Free Newsletter

The Real Estate Report

newsletter

Get Your Free Copy:

Email

Archive for the ‘Insurance/Taxes/Utilities’ Category

Home Purchase Process For First Time Buyers

posted by Stephen Katz
Thursday, July 13, 2017

Are you looking to buy your first home? Well look no further, because I’m here to walk you through the entire process!

Read More »

Why Do You Need Title Insurance?

posted by Stephen Katz
Thursday, June 15, 2017

Today, we’ll talk about what title insurance is and exactly what you’re paying for.

Read More »

How to Save Money on Homeowners Insurance

posted by Stephen Katz
Friday, February 28, 2014

In today’s economy, many people are looking for ways to save money on their expenses, and one of the big costs is homeowner’s insurance. Read More »

Comments Off on How to Save Money on Homeowners Insurance

Uncle Sam helps you in three ways when you own your home.

1. Purchase – When you buy your home, most of the cost are not tax deductible. But there is one exception that is worth finding. The IRS says you can deduct interest in the year that it is paid, and that is usually part of each monthly payment. Read More »

Comments Off on Almost Too Good to Be True – Tax Benefits of Home Ownership

Understanding Escrow Accounts

posted by Stephen Katz
Tuesday, August 13, 2013

Mortgage escrow accounts are special accounts that are set up to hold money to pay for property taxes, fire and hazard insurance premiums, mortgage insurance premiums, and possibly other escrow items. Escrow accounts ensure that these items are paid in a timely fashion. They are a guarantee that there is always enough money to pay these bills when they are due so that the homeowner avoids the risk of lapsed insurance coverage or delinquent taxes.

Read More »

Comments Off on Understanding Escrow Accounts

Save Money On Your Homeowners Insurance

posted by Stephen Katz
Tuesday, July 16, 2013

SHOP AROUND!!

Asking friends and family, and searching online are some of the best ways you can find homeowners insurers. Get a range of prices from multiple companies. But don’t consider price alone. The insurer you select should offer you a fair price as well as excellent service. Quality service may cost a bit more, but you buy insurance in case you need to make a claim, so it’s important to get a company with a good reputation. Talk to a number of different companies to get a feeling for the type of service they give. Ask them what they would do to lower your costs. Check the financial ratings of the companies with AM Best or Standard and Poor’s.

Read More »

Comments Off on Save Money On Your Homeowners Insurance

What is Title Insurance?

posted by Stephen Katz
Friday, May 31, 2013

Title insurance is insurance that helps protect against losses that could happen if you discover that someone else can claim ownership of your property after you’ve closed on it. Read More »

Homeowners’ Insurance

posted by Stephen Katz
Tuesday, May 8, 2012

When searching to find the right homeowners’ insurance policy, it can be an overwhelming and confusing experience. The terminology is tricky; but the more you insurance terminology you know, the easier it will be to understand what your policy covers. The insurance broker will be asking you a lot of questions about your new home to determine the price of your homeowners’ insurance. Read More »

Comments Off on Homeowners’ Insurance

Home Insurance: Is it covered?

posted by Matthew Brown
Monday, March 21, 2011

So you’re buying your first house.  Now is a great time to review home insurance policies and find answers to a few important questions:  What losses are covered?  When do I use it?  How do I know if I’m overpaying? Read More »

Comments Off on Home Insurance: Is it covered?

Most real property buyers understand that a title search is necessary to be sure they can rely on the title received at their closing.  However, there are some title problems which cannot be discovered even by the most thorough title search; these are hidden hazards which are beyond the scope of a reasonable search of the records, and include forgeries, fraud, errors by the recording clerk’s office in filng deeds, inchoate contractor’s and supplier’s liens, defective foreclosures, faulty surveys, misinterpreted wills, conveyances by a minor or a mentally incompetent person, an undiscovered heir or ex-spouse who returns to claim an interest, or a deed delivered after the property owner’s death, to name just a few. Read More »

Comments Off on Title Insurance Protects Property Ownership
First Home, First Loan is proudly powered by WordPress