In the United States, most home buyers borrow money in the form of a mortgage loan, and mortgage lenders always requires that the buyer purchase homeowner’s insurance as a condition of the loan, in order to protect the bank if the home were to be destroyed Home insurance, also commonly called hazard insurance, or homeowner’s […]
Tag Archives: For Renters
Gap Between Homeowner and Renter Net Worth Continues to Widen
One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is over 40 times greater than that of a renter. Maybe it’s time to start thinking about buying a home, especially when they’re so affordable in today’s market. […]
Columbus Identified as Top Market Where Renters can Afford to Buy a Home
The U.S. homeownership rate has slowly fallen in recent years to currently its lowest level since 1965, but new research from the National Association of REALTORS® reveals that there are a number of affordable metro areas with above-average hiring and a large segment of current renters who earn enough income to qualify to buy a home […]
How To Write An Early Lease Termination Letter
For those who know anything about renting and apartment living, you know that breaking a lease can be a difficult thing to pull off. Your lease will no doubt state harsh penalties for breaking the lease early (from a few months rent to the remaining rent owed as part of your lease). While you can […]