Insurance Archives

What Is Hazard Insurance? A Buyer’s Guide for 2026

May 6, 2026/in C-Blog Category, Financial Planning

If you’re buying a home and saw “hazard insurance” on your Loan Estimate or closing paperwork, you might be wondering whether it’s something you need to buy separately. The short […]Read More

What Does PITI Mean? A Mortgage Payment Guide

April 17, 2026/in C-Blog Category, Homebuying, Self Education

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

California Burned Down, And The World Is Paying; Insurance Crisis Part IX

May 23, 2024/in Homebuying, JVM's Daily Blog

California spent $24 billion over the last five years to fight homelessness, only to see the problem get much worse, per CBS News. This is a problem overall because that is money the state did not spend on fire prevention – with better forestry management.Read More

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

December 18, 2023/in JVM's Daily Blog, Mortgage Industry

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

November 30, 2023/in Homebuying, JVM's Daily Blog

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