Better Homeowner

If you're buying a home�or already own one�home insurance might not be the most exciting part of the process. But it is one of the most important. In many cases, home insurance is required to secure a mortgage , but even if it weren't, having the right coverage in place protects one of your biggest financial investments. It's not just about meeting lender requirements�it's about safeguarding your future. Protection Against the Unexpected Home insurance helps you recover financially if disaster strikes. Whether it's a fire, storm, or burglary, insurance can help you repair, rebuild, or replace your home and belongings. Some policies even provide protection if someone gets hurt on your property or if you're faced with a liability lawsuit. Support During Displacement If your home becomes temporarily unlivable due to a covered event, insurance can help with additional living expenses , like hotel stays and meals, while repairs are being made. That...

When financing a home, the 30-year fixed-rate mortgage is often the go-to option because of its lower monthly payment. But for buyers who can comfortably afford a higher payment, the 15-year mortgage deserves a closer look and may lead to significantly greater financial rewards over time. Let's compare two scenarios based on a $360,000 mortgage with current rates: 30-year mortgage at 6.58% Principal and interest: $2,294.42/month 15-year mortgage at 5.69% Principal and interest: $2,977.92/month At first glance, the 15-year loan costs about $684 more per month. But when you look at where that money is going, and what it saves you, it starts to make a compelling case. Interest Savings and Faster Equity Build-Up The key difference lies in how much of your payment goes toward the principal balance. With the 15-year loan, you pay less interest over time and you pay it off faster. After 10 years: On the 30-year loan , you'd still owe $305,804 . On the 15...