Refinancing vs. Home Equity Loan: The Main Differences

   It’S A Numbers Game

If you want to pay off debt or make home improvements, a home equity loan might be just the ticket, but if you want a better interest rate, you might consider refinancing. Learn the difference and when each makes sense—and when it doesn’t.

Source: Refinancing vs. Home Equity Loan: The Main Differences

Closing the Racial Ownership Gap: Is It Possible?

WHAT DO YOU THINK?

More minority homeowners would lift overall homeownership rates, but discriminatory patterns persist in real estate. From NAR’s Policy Forum, Feb. 6, Washington, D.C.

Source: Closing the Racial Ownership Gap: Is It Possible?

Median Sales Price for New Houses Sold in the United States (MSPNHSUS) | FRED | St. Louis Fed

Median Sales Price for New Houses Sold in the United States

Source: Median Sales Price for New Houses Sold in the United States (MSPNHSUS) | FRED | St. Louis Fed

michaelgouldgroup.com

Notary Instructions | Probate Court of Jefferson County, Alabama

Here is the answer to the question, and where you can start researching.

Requirements and Application Process Applications are available in the Probate Court Office Records Department or online http://jeffcoprobatecourt.com You must be 18 years of age or older to apply. You must be a resident of Jefferson County to apply. Proof of residence will be verified through the Board of Registrars or with two forms of proof of residence such as Driver’s License, utility bill, rent receipt. Applicants need to complete the application listing all information as it appears on the Voter Registration or Driver’s License. You must have three separate references from Jefferson County residents who will attest to your integrity and suitability. References must sign in their own handwriting and include their home address.  NOTE:  A renewal does not require the three references, its renewal takes place within 30 days before or after expiration. You must obtain a $25,000.00 Surety Bond. You can get it at almost any insurance company.  Be sure to have your signature notarized on the Bond in the Oath of Office section within the Bond. You must submit your Bond and application within 30 days of the “Seal Date” on the Bond, or have the Seal Date updated by your Bonding Company (Insurance Co.).If your Bond/Application is returned to you for corrections, you must resubmit it after corrections are made in order for your Commission to be processed. Once you have completed your application and have your Bond properly notarized, either mail or bring the application, Bond, and a $42.00 filing fee check made payable to the “Judge of Probate”.You will receive a Certificate of Commission effective on the date you return the required documents. The commission is good for four years from that date. To view or print the APPLICATION for Appointment as a Notary Public, click here.

Source: Notary Instructions | Probate Court of Jefferson County, Alabama

IT’S-A NUMBERS GAME…

In addition to covering your home, homeowners insurance also covers four more things:

  1. Your outbuildings, landscaping, and hardscaping. If you have outbuildings (like a barn), landscaping, or hardscaping (like fences), your homeowner’s policy most likely covers those for up to 10% of your policy amount (5% for plants).

For example, if you have $100,000 in homeowners insurance and someone drives into your fence, the policy would cover 10% or $10,000 in repairs.

Sometimes policies exclude damage to outbuildings, landscaping, or hardscaping caused by a particular peril (like wind).

  1. Damage or loss of your personal belongings. Your homeowner’s policy covers your family’s belongings, even when you take them out of the house. If your child heads to college with a laptop and it’s stolen, that’s probably covered by your homeowner’s insurance policy.

A home insurance policy covers a lot of your personal belongings, but not necessarily everything.

You’ll need additional insurance if you have many expensive items like jewelry, furs, or antiques.
Policies will either state that your personal belongings are insured for replacement cost or cash value.

Replacement cost means that the insurance company will pay the full cost of replacing an item (such as the laptop mentioned above, or a sofa damaged in a fire) once you show a receipt. Cash value means the insurance company will issue you a check for the amount that the laptop or sofa would have been worth when it was stolen or destroyed.

III. Remember your Additional Living Expenses will have limits. You are still on a budget. If you exceed that budget you may have to come out of pocket. Your policy will have limits on how long you stay and how much you can spend.

  1. Injuries or accidents at your house. Homeowner’s insurance coverage includes liability – meaning it covers you when you or your family members cause injuries or damage. This coverage also pays when your dog bites someone (medical payments) or someone falls and injures themselves.

We’re getting closer to storm season. 2017 was devastating. Check with your agent and make sure you are prepared.

Remember; “It’s A Numbers Game”!!!

Michael Gould

IT’S A NUMBERS GAME!!!

In addition to covering your home, homeowners insurance also covers four more things:

I. Your outbuildings, landscaping, and hardscaping. If you have outbuildings i.e. shed, fence, or landscaping, your homeowner’s policy most likely covers those for up to 10% of your policy amount (5% for plants trees, and debris removal).

Example, if you have $100,000 in homeowners insurance and someone drives into your fence, the policy would cover 10% or $10,000 in repairs.

Sometimes policies exclude damage to outbuildings, landscaping, or hardscaping caused by a particular peril (like wind).

II. Damage or loss of your personal belongings.Your homeowner’s policy covers your family’s belongings, even when you take them out of the house. If your child heads to college with a laptop and it’s stolen, that’s probably covered by your homeowner’s insurance policy.

A home insurance policy covers a lot of your personal belongings, but not necessarily everything.

You’ll need additional insurance if you have many expensive items like jewelry, furs, or antiques.
Policies will either state that your personal belongings are insured for replacement cost or cash value.

Replacement cost means that the insurance company will pay the full cost of replacing an item (such as the laptop mentioned above, or a sofa damaged in a fire) once you show a receipt. Cash value means the insurance company will issue you a check for the amount that the laptop or sofa would have been worth when it was stolen or destroyed.

III. Remember your Additional Living Expenses will have limits. You are still on a budget. If you exceed that budget you may have to come out of pocket. Your policy will have limits on how long you stay and how much you can spend.

IV. Injuries or accidents at your house.Homeowner’s insurance coverage includes liability – meaning it covers you when you or your family members cause injuries or damage. This coverage also pays when your dog bites someone (medical payments) or someone falls and injures themselves.

 We’re getting closer to storm season. 2017 was devastating. Check with your agent and make sure you are prepared.

Remember; “It’s A Numbers Game”!!!

Michael Gould

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