12 Hidden Costs of Homeownership – Newport Beach Lifestyle Real Estate
“This industry has done a bad job of explaining to people that there are legitimate fees which must be paid in order to grant you a mortgage loan,” says Keith Gumbinger, of HSH.com. … Supplemental insurance. Consumers who buy homes in areas exposed to flooding may have to purchase a supplemental insurance policy, says [...]
12 Hidden Costs of Homeownership – The Newport Beach Blog
Annual homeowners insurance premiums typically range between 0.5 to 1 percent of the mortgage loan amount, Gumbinger says. Property taxes will vary a great deal, but can run several thousand dollars a year or more. 8. Supplemental insurance . Consumers who buy homes in areas exposed to flooding may have to purchase a supplemental insurance [...]
The Hidden Costs Of Buying Real Estate
Paying for the property that you buy involves more than simply paying a monthly mortgage loan; as an experienced Brisbane financial services agent can tell you, insurance costs must be factored in and will be an ongoing additional expense. … More finance articles: The Oldest Dividend Paying Stocks in America – Part 1 (Robert Hauver) [...]