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It’s simple: You want to own a home. But we know the finances can be much more complicated than that. From adjustable rate mortgages to home equity lines of credit, ask CFPB your questions about mortgages. Find a question by searching, or by browsing this complete list. Select topics on the side to narrow your results.
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Principal, Interest, Taxes, and Insurance, known as PITI, are the four basic elements of a monthly mortgage payment. Your payments of principal and interest go toward repaying the loan. Amounts that cover property taxes and homeowner’s insurance may go into ...
Homeowner’s insurance includes charges for insurance your lender will probably require you to buy to protect the property from hazards such as fire and theft. Standard homeowner’s insurance does not cover damage from earthquakes or floods, but it may be ...
No. You may shop for property or flood insurance. But if you do not get homeowner’s insurance, or let your policy lapse, your lender may insure your property and charge you for it. This is called “force-placed” or “collateral protection” ...
As soon as possible, contact your insurance carrier and get a new policy or seek to have your old policy reinstated. Although the servicer may be at fault, the lapse of insurance coverage may result in you paying for costly ...
Here are some things you might want to discuss with a housing counselor if you are considering a reverse mortgage: The cost of the counseling (if any) and whether you might qualify for a fee waiver A basic description of ...
The first step is to be sure that you can afford to buy a home and in what price range. If you are on active duty, make an appointment to see a financial counselor at your local installation’s Personal Financial ...
The checklist below will help guide you through some of the financial decisions you will need to make as soon as possible following a natural disaster: If your home, car or property was damaged by the storm, contact your insurance ...
The checklist below will help guide you through some of the financial decisions you will need to make as you rebuild following a natural disaster: Be careful if you choose to hire a public adjuster to help with your insurance ...
Contact your insurance company as soon as possible to start the claims process. Also be sure to ask for a copy of your policy if you don’t have one available. This will help you verify your coverage. Take pictures of ...
Once your insurance claim is received, the insurance company may send out an adjuster to look at the property damage and help you through the claims process. In many states you can also hire public adjusters. A public adjuster represents ...
