01 Aug 2014
By Mark Feder

The 5-Minute Guide To Flood Insurance: What It Is, How It Works, And Whether You Need It

Real Estate
You've got house insurance, and assume your property is covered for any type of detrimental occurrence that can possibly take place. However, not all homeowners are aware that home insurance policies don't necessarily cover damage related to a flood, as the risks are too great. As a result, homeowners must purchase flood insurance through a private company. Floods are one of the most common hazards in the US, costing billions of dollars in damage to properties every year. What Is Flood Insurance? Flood insurance policies are typically made available to homeowners in flood-prone areas. The majority of insurance policies cover…
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23 Jul 2014
By Mark Feder

National Association of REALTORS Existing Home Sales Exceed Projections

Real Estate
According to the National Association of REALTORS®, existing home sales surpassed both May sales and expectations for June. Sales of previously owned homes increased by 2.60 percent in June and reached a seasonally adjusted annual level of 5.04 million sales. June's reading was the third consecutive monthly increase in sales of existing homes and was the highest reading for existing home sales in eight months. Existing home sales remain 2.30 percent below the June 2013 reading of 5.16 million sales of existing homes. Analysts projected sales of 5 million existing homes for June against May's initial reading of 4.89 million…
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11 Jun 2014
By Mark Feder

4 Tips To Lower Homeowners Insurance For Your Home

Real Estate Tips
With the prices for everything skyrocketing these days, every penny counts. This includes your homeowner's insurance costs. If you're thinking of buying a home and need homeowner's insurance, here are a few tips on getting quality insurance for a fair price: Tip #1: Shop Around Ask family and friends about their homeowner's insurance. Check the Yellow Pages, the National Association of Insurance Commissioners (NAIC) and the state insurance department.  Other places to shop for insurance include consumer guides, insurance agents and online insurance quote services. Don't just look for lower prices, however. You need a fair price for the services…
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10 Jun 2014
By Mark Feder

Understanding Your Credit Score And How It Impacts Your Home Ownership Prospects

Credit Scoring
Understanding your credit score and how it impacts your home ownership prospects your credit score is an important part of your financial profile. It has a direct impact on your ability to take out loans. The score itself is a numerical reflection of your credit history. It gives lenders a way to discern your reliability before approving a loan like a mortgage for instance. Though this is the basic function of a credit score, it can also have a far-reaching influence over other aspects of home ownership. Mortgage Loan Approval: Will Your Score Make the Cut? First and foremost, the…
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