The financial narrative surrounding homeownership in the U.S. has always been about securing the American dream, but beneath the surface, agencies like Freddie Mae, Freddie Mac, and FHA have been quietly orchestrating a system that perpetuates debt. While these organizations claim to help people get homes, they’re often the same agencies indirectly involved when a…
In the midst of what appears to be a golden age for the insurance industry, one might wonder: what's the difference between insurance and a Ponzi scheme? In 2023, the property and casualty (P&C) insurance sector amassed an eye-watering $88 billion in profits, more than doubling the previous year's earnings and marking the most profitable…
Florida, often associated with sunny weather and iconic attractions, also faces risks like extreme weather and sinkholes. Sinkholes, a known peril in the state, can cause substantial damage to homes, raising questions about insurance coverage. Let's delve into the impact of sinkholes on homeowners insurance in Florida and explore ways to potentially lower premiums.
What…
Fannie Mae and Freddie Mac, which again an extensive portion of the U.S. mortgage market, have stated they will offer mortgage forbearance up to 12 months, waive consequences and overdue fees, and droop the reporting of delinquencies as a part of their reaction to the coronavirus disaster. In addition, they're halting foreclosures and evictions through…
Wonder what your home — or a home you are planning to buy — is worth?
The quick answer is: A home is worth whatever someone will pay for it. The prolonged answer primarily depends on the marketplace and whether you're asking a lender, an agent or a county tax assessor. But why take their word…
One of the most important steps when buying a home is to visit it at least once with the real estate broker. This can be the correct moment after you can raise all the questions about the property that's of interest to you. In most cases, the owner also will be at the situation throughout…