Saving up the down payment for a home can be difficult and can take a long time. If you are struggling to save up enough for a house down payment, you may want to consider an 80/20 loan which can help get you into a home, even if you don’t have enough for a 20 […]
While the cost of buying a home has risen dramatically in the last few years, a house still comes with a variety of benefits over renting. One of the biggest advantages is the fact that you can use the mortgage interest deduction to help lower your tax bill. However, the IRS rules that impact the […]
Homeowners across the country have seen their homeowners insurance premium rise by an average of 4 percent which translates into an average annual premium of $1,398 according to the Insurance Information Institute (III). Much of the increase can be attributed to the rising cost of materials as well as supply chain issues and climate change. […]
It now appears that Covid will still be with us in 2022, and that can have a major impact on a variety of life issues. One of those issues may be homeowners insurance as Covid continues to impact the supply chain and inflation pushes up the cost of just about everything. Keep reading to see […]
The N.C. Department of Insurance recently resolved a legal dispute with the North Carolina Rate Bureau (NCRB). The dispute revolved around the proposed 24.5% homeowners’ insurance rate increase that the N.C. Rate Bureau was requesting. The two agreed on an average rate increase of 7.9%. The agreement was announced by Insurance Commissioner Mike Causey in […]
A bridge loan can be used if you are in the process of moving from one home to another or if your business needs some temporary financing to help cover operating expenses while waiting for long term funding. Keep reading to learn everything you need to know about bridge loans. What is a bridge loan? […]
A flexible spending account allows you to save money for medical expenses in a tax advantaged account. If you save money for your medical expenses in a standard savings account, there is no tax advantage but when you fund an FSA, the contributions into that account are tax free which means if you put $2,000 […]
Roof top view of a waterfront home in Tampa, Florida. According to several speakers at the Florida Chamber’s annual insurance summit in Tampa, homeowners in Florida can look forward to paying even more for homeowners insurance over the next decade as rate increases, non-renewals and insurers pulling out of the market entirely continue to drive […]
Due to a global supply chain issue and a major increase in holiday spending this year, gift cards may be particularly popular this year. As electronics and other household goods have become more difficult to get ahold of, there is a good chance that shoppers may be opting for gift cards this year which will […]
The recently passed Build Back Better bill is President Joe Biden’s $1.75 trillion social spending bill that aims to lessen housing burdens for Americans. It includes a variety of programs designed to help with everything from building more public housing to down payment assistance for first generation homebuyers. According to the National Fair Housing Alliance, […]