Tag Archive for: Insurance

Hurricanes, Tornadoes, Fires & Sky-High Hazard Insurance Costs! Beware! SOLUTIONS!

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Insurance matters so much right now for those of us in the mortgage and real estate industries because the sky-high rates are killing transactions. This is both because buyers are walking away from properties when they see how much their insurance premiums will cost and because borrowers sometimes lose their ability to qualify solely because insurance payments end up much higher than expected.Read More

Inflation Eases/Rates Up – WHY? Delayed Closings; “Walls-In” Insurance for Condos; ADUs NOT Part of Square Footage

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A key inflation report, Personal Consumption Expenditures (the Fed’s “favorite”) was released today, and it showed that inflation continues to cool. But, despite that, rates went up. This surprised many casual market observers because cool inflation reports normally send rates sharply down, given that bond investors focus so heavily on inflation.Read More

Homeowner’s Insurance Is Delaying Escrows; Watch For Hidden Points!

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I have blogged a few times now about California’s Homeowner’s Insurance Debacle. TLDR: A lot of insurers exited the CA market, and it is now much more difficult to find […]Read More

Homeowners Insurance Problems Persist; What Is A BEDROOM?

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CA’s Homeowners Insurance problems persist – with no solutions in sight.  So, if you’re in Texas, you should be really happy you’re in Texas (as long as you don’t notice […]Read More

What Does “PITI” Mean for California Borrowers

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Lots of borrowers are unsure what “PITI” means when it comes to their home loan. PITI is a common term used within the mortgage industry to describe the four factors that impact a loan. PITI (pronounced “pity”) stands for:Read More

What’s the Deal with Home Insurance in California?

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Home insurance in California is a policy that nearly all homeowners need to protect them from financial losses in the event their property becomes damaged.Read More