Source: Point 2 Homes — What is Landlord Insurance? Landlord insurance is a policy that is specifically designed to protect owners of rental properties. There are different levels of coverage, but for the most part, the policy is aimed at non-owner-occupied...
Source: Point 2 Homes— The 5% rule was coined by Canadian investment portfolio manager Ben Felix. It stems from the general consensus among potential homebuyers that if you can afford to make mortgage payments that are equal or less than what you’re paying in...
Source: Forbes — Inside Bella Collina, a gated community near Orlando, Florida, three lots sit ready for their homes. The mock-ups are nearly identical: 3,076 square feet, five bedrooms and three and a half baths, featuring quartz countertops, a tile roof and...
Source:Apartment Therapy — If you’re financing a home (translation: you’re not an all-cash buyer!), your lender will require you to get an appraisal to make sure the home is worth the price you’re paying for it. An appraisal is different from a home inspection,...
Source: Blue Water Credit — FICO is the preeminent credit reporting service in the United States, with 90% of all lending decisions in the United States dictated by FICO every single day. While there’s a lot of useful information about FICO (including our...
Source: Money — Carlos Barros was elated when he refinanced his mortgage back in May 2020, locking in a 3.125% rate and reducing his monthly payments by about $220. Unfortunately, the feeling didn’t last long. “Just a week or so after I closed on my refinance —...