Your Personal Finance Wizard
An insurance quote is an estimate of how much you need to pay for purchasing a particular insurance policy. It is calculated with the help of your personal information related to the policy. Going through the insurance application process but can’t figure out What is an insurance quote? Well, then this post is for you. … Read more
Yes, Hurricane insurance covers flooding. Actually, Homeowners, flood, and windstorm insurance is combined together and called Hurricane insurance. So, if you have the above 3 insurances or flood insurance alone then flooding will be covered under your policy. The recent hurricane IAN has caused devastating damage in Florida. As a homeowner, a question might come … Read more
Yes, property tax is included in most mortgage payments. Because it protects lenders in property foreclosure cases and saves borrowers from the hassle of paying property tax in one installment. Owning a new home comes with a lot of responsibilities. One such responsibility is paying property tax. You may not like it. But you … Read more
Generally, every homeowner receives a notice of property tax bill even if the owner has an escrow. However, if this is the first time you received it in years, then there can be an error with your property tax this time. So, contact your escrow agent with a copy of the bill immediately. You have … Read more
No, you can not go to jail for not paying taxes or for simple tax mistakes. However, you can end up in prison for major tax fraud offenses. Moreover, if you did not file taxes for a long time then you will end up paying a hefty fine. Wondering whether you can go to jail … Read more
Yes, it’s possible that someone can take your property by paying the taxes. Because it’s possible to bid and take over your property via Tax deed sale or Tax lien purchase in almost all US states. Worried about whether someone can take your property by paying the taxes? Well, as a property owner you should … Read more
The intent to proceed mortgage is the process of informing your mortgage lender that you intend to go forward with their loan offer. It is your first commitment to your mortgage lender. In a hurry?Listen to this audio summary Preparing for your mortgage but not understanding the intent to proceed mortgage? However, don’t worry. I … Read more
Yes, it’s possible to borrow extra on your mortgage for furniture. However, not all lenders allow you to borrow extra for furniture, and in case your lender allows it then you have to be eligible for it according to your lender’s policy. Thinking of taking a mortgage but not sure whether you can borrow extra … Read more
Normally, you can not fully rent your house with a reverse mortgage. But there can be some situations in which you might be eligible for partially renting your reverse mortgage property. So, what are they? Well, we are going to find out. In this article, I am going to broadly explain Can You Rent Your … Read more