Eduardo Cardena
Double Mortagege Insurance Premium (MIP) Charges? FUNDING & FINANCED
Hi There!I'm purchasing a home and the lender has sent me over the estimated closing costs. I noticed on the numbers they have a "PMI, MIP, Funding Fee" and a "PMI,MIP, Funding Fee Financed"These fees are the exact sa...
Jayson Robinson
How can I get a lower flood insurance premium?
Flood insurance is killing my ROI. I need advice on ways to lower my premium. Does anyone know anything about the private market flood insurance? Anything helps.
William Coet
$50,000 Auto Insurance Premium on a Sedan in Brooklyn???
Is this real? I was on the phone with one of the major auto insurers today. The rep was telling me that he had a woman from Brooklyn who let her daughter drive her car. Daughter caused an accident and the insurer c...
Sandy Sawyer
Lender asking for more flood insurance premium after closing
I received an email a week after closing, title company's 3rd request for funding from my lender. But lender wants me to send another $2,000 to increase flood policy from covering my mortgage amount to one covering fu...
Ken T.
flipping a home with a high flood insurance premium
I just got off the phone with a flood insurance agent, the yearly premium is 2,900-3,600. I'm worried that will make it harder to sell, comps in similar flood zones still make for great flip potential. any opinions...
Reggie Lightfoot
Upfront FHA Mortgage Insurance Premium on Househack for Taxes
I purchased a duplex in 2021 with me owner occupying one side. The FHA loan used to finance the property had an upfront mortgage insurance premium of 1.75% of the loan amount ($5,404 in my case). In addition to this u...
Ethan Ray
Balancing Risk and Expense through Insurance Deductibles and Premiums
Hello,
I've been reviewing my business expenses recently and have been exploring different ways to control my monthly expenditures. One area that caught my attention is insurance, specifically the trade-off between d...
Cameron Moore
Why Are Insurance Premiums Eating Into Your Cash Flow?
Long post alert! (Worth the read though) I hope that you find the below information useful and I hope that it helps explain what is happening in the insurance world today. It won’t matter what carrier you are with, th...
Lombosco Dixon
New president messes with new home owner insurance premiums
How do you feel about president trump requiring FHA to decrease insurance premiums ?
How will do you think that will affect the market with new homeowners?
What will you do as a investor?
http://m.motherjones.c...
Eddie L.
How are you approaching deals with excessive insurance premiums?
I have a decent deal under contract that doesn't meet my criteria for a landlord hold. However, it is an excellent deal for a flip. My concern is the insurance premium that would prevent a retail buyer from purchasing...