Tag: mortgage payments

Mortgage Mayhem: How a 50% Home Insurance Rate Jump is Stressing Finances

Angela Linders
Home Insurance Rate Jump

Are You One of the 50%? Understanding Your Essential Escrow Account Escrow accounts are pivotal in managing the financial responsibilities associated with homeownership. Despite their importance, a survey by LERETA reveals that only about half of the homeowners with an escrow account completely understand how it functions. This lack of comprehension is concerning, especially since these accounts are essential for paying property taxes and insurance premiums. Escrow accounts are commonly required for mortgage holders with less than 20% equity in their homes and are mandatory for federally-backed FHA loan borrowers.…

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Life Insurance Awareness Month is working to build its success this year

H. Cutner
Life Insurance Awareness Month

September 2012 is aiming to draw significant attention to this financial planning tool. This month represents the ninth anniversary of September as the official Life Insurance Awareness Month, in which the industry works to draw attention to the many benefits of this coverage for consumers and their families. The current economy has been a prime illustrator of how shaky a family’s financial situation can be. A recent study quoted by LIMRA has shown that Americans are experiencing growing concerns with their ability to make their bills, rent, and mortgage payments…

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