For many, flipping homes is lucrative. However, there are many costs associated with flipping a property, and it’s important to budget carefully for every detail. Here are the major costs to consider when determining how much funding you’ll need for a flip: Down Payments Just like buying a move-in ready house, buying a house you intend to flip...

If you’re a first-time homebuyer working on a budget for your future plans, you might be wondering about homeowners insurance - how much will it cost, anyway? Unfortunately, the answer can get complicated, as it depends on several factors. To help you budget for your first home, here is a quick guide to what goes in to determining...

Homeowner's insurance is an important piece of the home ownership puzzle. Because almost all mortgage lenders require proof of insurance, having a policy is more of a necessity than an option. However, many potential homeowners aren't clear about what a homeowner's insurance policy covers. While each policy is customizable and has varying details depending on the insurer, there...

Homeowners often wonder, “Does home insurance cover water damage?” Water damage comes in many forms and from many sources, but your standard homeowners insurance policy may not provide coverage for every type. To help you better understand the limits of your homeowners insurance, here is a basic guide to the types of water damage your policy won’t cover:...

The U.S. Department of Veterans Affairs offers multiple financing options for veterans who want to buy a home. However, the VA does not offer homeowners insurance. During your home buying process, you'll also need to get homeowners insurance to protect your property. Here are some ways veterans can save on homeowners insurance: Shop around There are countless insurance...

Photo by Feng Yu via Shutterstock Few things are more mysterious than insurance. When you think you know what's covered, you find out the hard way that it wasn't. Since your home is likely your greatest asset, you want to know what it includes and what it doesn't before you need to make a claim. Whether you're “in...