You are required to have enough insurance to cover the lower of either the replacement cost of the home or the remaining principal balance on your loan. Example: If your unpaid principal balance (UPB) is $80,000 but the replacement cost is $120,000, you need to carry a minimum insu...

Mortgage assistance is a general term that covers a variety of programs and solutions intended to help homeowners who are experiencing financial difficulty and having trouble making their mortgage payment.

Homeowner Assistance Fund (HAF) is a government-sponsored initiative managed by the Department of Treasury to offer assistance for homeowners impacted by the COVID-19 Pandemic that began in 2020. Note: The application process is handled by each state.

Organize Your Priorities From fixer-uppers to new construction, it’s time to see what the market has to offer Check Out Homes in Person Once you have a checklist of everything you want in a home, it’s time to start touring properties

Loan amounts for most government-backed mortgages are capped based on the county where the property is located. Today, most counties have a limit of $766,550 for “ Conventional ” loans. But if you need a higher limit, there are “ Jumbo Loan ” options that can allow qualifying homebuy...

As a buyer, you only pay for the portion of the tax period that you own the home. So, if your new loan starts December 1st, you’ll typically only owe for only that month and the previous owner will pay 11 months’ worth of taxes at closing.

When viewing a home, be thorough. Test AC & Heating systems, outlets, showers & toilets, and all appliances. Don’t forget to check on warranties. Take notes of repairs or upgrades you’ll have to consider if you decide to buy the home. Here are 6 common house-hunting priorities: 1. ...

Mortgage insurance protects the investor or noteholder if the borrower defaults on the loan. It lowers the investor’s risk when funding a home loan. In most cases, if you pay at least 20% down on your home, you’re not required to carry mortgage insurance.

Need a home warranty? Know what’s covered. While your homeowners insurance covers damage from events like natural disasters and property crime, a home warranty is focused on helping you maintain your home’s systems and appliances.

We’ll send you an Escrow Review Statement that explains the results of the escrow analysis. Your statement will inform you whether your monthly payment is going up or going down in the year ahead, based on this year’s tax and insurance payments.