If you’re like many people, you’ve heard of private mortgage insurance, or PMI. But what is it, and is it something that you’ll be required to purchase when you buy a home land in North Florida? This guide explains. Private Mortgage Insurance, Explained Simply Private mortgage insurance is something the vast majority of lenders make […]
Title Insurance Basics You Need to Know if You’re Buying a Property
If you’re buying a property in Lake City, whether it’s a home or a piece of land, you’re probably going to need title insurance. But what is title insurance, how much does it cost, and why do you need it? Title Insurance Basics You Need to Know if You’re Buying a Property Title insurance is […]
3 Costs You Need to Expect When You Buy a Home
If you’re buying a home for sale in Lake City, you probably already know that you’re going to need an earnest money deposit – but what else will you need to pay for when you close? 3 Costs You Need to Expect When You Buy a Home Before you close on a home, you’re going […]
Let’s Talk About Homeowners Insurance
Homeowners insurance is a “safety net,” much like car insurance, that provides you (and your lender) protection against the financial fallout of a disaster. It’s a package policy, which means that it covers damage to your property and your liability or legal responsibility for issues (like injuries or property damage) that you or your family […]
Homeowners Insurance: What You Need to Know
If you’re buying a new home, you’ll need to purchase homeowners insurance. Your lender will most likely require it if you’re using a mortgage loan to buy the home, and even if you’re buying with cash, you may want to have insurance to protect you from unexpected expenses. Homeowners Insurance: What You Need to Know […]
What You Need to Know About Hurricane Deductibles
Every homeowner’s insurance policy is different—but one thing you need to check yours for is hurricane coverage. What is Hurricane Coverage? Standard homeowner’s insurance typically doesn’t cover flooding, so you may need a separate policy (a flood insurance policy, to be exact) in case there’s hurricane-related flooding. Remember, too, that flood insurance policies usually don’t […]
