home insurance

Monthly Expenses: Buying A Home

When you rent a property, your landlord uses part of your rent to cover specific housing expenses.  When you purchase a home, you are now responsible for paying all the expenses that your landlord took care of before.  They will add costs to your mortgage payments and should be included in your budget.

• Property Taxes
• Home Insurance
• Utilities
• Maintenance

home insurance

How Do I Shop For Homeowner’s Insurance?

If you get a loan for a property your lending institution will require you, as mortgage customer, to take out a homeowners insurance policy on your property.  Though your lender will require certain levels of coverage be met on your home, it is always a good idea to consider the value of your possessions in the policy.  It is extremely important that you check with a licensed insurance agent to make sure your new investment has the appropriate coverage. Here at Mortgage Align, we can match you with insurance agents in your area to compare rates for your new policy.

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