Tag: homeowners
Figuring Out if a HELOC is Right for You: An Honest...
A Home Equity Line of Credit, or HELOC, is a popular option for homeowners looking to access the equity built up in their homes....
Borrowing Intelligently Keeps Homeowners Afloat
You don’t need to be told about all the ways life is getting more expensive. Anybody who has purchased groceries or tried to get...
Hazard Insurance
DefinitionHome insurance, also commonly called homeowner's insurance, is a type of property insurance that covers a private residence. It is an insurance policy that...
Making Home Affordable
DefinitionThe Making Home Affordable program of the United States Treasury was launched in 2009 as part of the Troubled Asset Relief Program. The main...
Reverse Mortgage
DefinitionA reverse mortgage is a type of home loan for older homeowners that requires no monthly mortgage payments. Borrowers are still responsible for property...
Rate And Term Refinance
If you're like most homeowners, your mortgage is probably the biggest financial commitment you've ever made. So if you're thinking of refinancing, it's important...
Private Mortgage Insurance
What is Private Mortgage Insurance
Private mortgage insurance is insurance that protects a lender in the event that a borrower defaults on a conventional home...
Foreclosure
DefinitionForeclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making...
Water Damage Insurance
Most people only think about water damage insurance when they are in the middle of a flood or some other major water emergency. But...
Water Damage Clause
What is 'Water Damage Clause' A clause in a property-casualty insurance contract. A water damage clause states that the insured is covered...