How does dwelling coverage amount and mortgage loan amount work together?

How does dwelling coverage amount and mortgage loan amount work together? My mortgage amount is $242,000 how much coverage is needed? My insurance agent is saying I only need $169,000 of dwelling coverage but I think that’s a bit low. If I insure it for only $169,000 and we experience a total loss what happens to the other $73,000 on our loan amount? Do my husband and myself have to come up with the rest? Not sure what to do or where to go to get an honest answer. BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes RELATED: Why… Read More

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Besides your mortgage what are your average spending costs for your home. heating/water/insurance/proper… tax

Besides your mortgage what are your average spending costs for your home. heating/water/insurance/proper… tax I want to buy a home, but I’m afraid I won’t be able to afford everything…I’d prefer an answer from somebody who lives where it is cold, because I’m in Montana and I know during the winter the heating bill will rise. BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes RELATED: Health insurance question? ok i’m a international student and i just found out that i got a cervical cancer or abnormal cell growth, and i don’t have a health insurance and i don’t know… Read More

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Will I need Private Mortgage Insurance on a home?

Will I need Private Mortgage Insurance on a home? My husband and are young adults with good jobs and are handy people. My husband has helped redo nearly all of his parents house from roof to plumping and heating. My parents are considering selling their gorgeous house on a giant chunk of land that, in excellent condition, would be a $300,000 house. My husband and I had just started planning to get a house but are still several years away from actually buying one. We currently rent a house. My parents have not kept their house in excellent condition so I’d estimate the actual value at about $175,000. My husband… Read More

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Can a Home Mortgage Company insist you paint your house?

Can a Home Mortgage Company insist you paint your house? My mom receieved a letter from a mortgage company stating she needs to make 3 repairs to here house. (paint the outside, fix trim around door, repair soffet) They also said they would drop her in 30 days if not corrected. HELP…. Is this legal? I may also say my mom put a claim in last year with them and they (insurance co) had to repair a canapy for 2k. BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes RELATED: How much is enterprise car insurance? Planning on renting a… Read More

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