In order to make the decision on whether to get a renters insurance policy, it is important to know what’s covered, the three types of coverages typically available, and what to watch out for when purchasing your own policy. Please note that each insurance company has different exclusions and coverage limits. Problems and frustrations can arise down the road if you don’t fully understand what’s included and excluded in your policy. There are three essential types of coverage: 1) Personal…
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U.S. Orders Up To A Yearlong Break On Mortgage Payments
Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or suspended for up to 12 months. Federal regulators, through the mortgage giants Fannie Mae and Freddie Mac, are ordering lenders to offer homeowners flexibility. The move covers about half of all home loans in the U.S. — those guaranteed by Fannie and Freddie. But regulators expect that the entire mortgage industry will quickly…
How to Find Costly Problems Before You Buy into a Building
Stuff no seller wants you to know about The term “buyer beware” doesn’t just apply to folks on a used car lot, kicking the tires of a recently repainted Buick. Buyers of New York City condos and co-ops need to be wary too because purchasing an apartment in a “lemon” building or one that’s about to undertake some costly repairs, can cost you a ton of money. With over one million buildings in New York City, many of them quite…