What are Lender Requirements for Homeowners Insurance?
Why is homeowners insurance required by lenders? Lenders require homeowners insurance so that the property they have invested in is fully covered against damage. The lender also wants to make sure that you are capable of paying down the mortgage in the event that the home is destroyed. If your home is destroyed in a […]
Is Your Homeowners Insurance Tax Deductible?
More times than not, you are unable to deduct homeowners insurance itself from your taxes. However, there are cases in which things in your home may entitle you to a deduction. Looking for more ways to lower costs on your homeowners insurance? Check here to find out how. Mortgage Points Deduction Mortgage points, also known […]
