Smart Homeowners Learn Mortgage Basics with David Bach
David Bach helps you understand the basics about your mortgage; how much you can afford, how to get qualified, what term is best for you and much more. You’ll learn how to find a lender of integrity to help you make these important decisions and prepare you for the homebuying process and serve you after you’ve bought your home. Remember, homeownership is still the single most important investment you can make in your lifetime. Look for other webisodes in this series by searching for “Smart Homeowners” or visit finishrich.com
Leonard Schmiege interviews nieghbors about how much their insurance has increased in the last year. The numbers are astonishing. This is due to something called ‘Citizens Insurance’ which was set up by the Florida legislature supposedly to help Floridians. If you watch this and vote Nov 7, 2006 for more of the same your out of your mind.
you can easily find online mortgage calculators and run the numbers to see what im saying
you also are buying a house that you only owe 80% of market value for the day you sign the loan
if you only owe 80% of the value of the home the day you buy it you can easily sell it and have a nice pile of cash any time you want or need to
and youll never be like many people out there right now who have lost their home because they lost a job and cant sell their home because they have no equity
this is good info , but it will keep you in debt much longer and cost you alot more money in interest unless you are VERY disciplined with extra payments
the best bet is a 15 year , fixed mortgage with 20% down to avoid pmi insurance
20% down sounds like alot to some people , but it simply means you rent a bit longer , which will pay off HUGE when you get the mortgage and see how much you will save unlike people who only put down 5% and buy a few years sooner
Great information, David! if only more homeowners had listened to your advice before committing themselves to loans they could not afford…
Thanks David, this was easy to understand and very helpful
For cheap UK Home Insurance Compare Home Insurance with CatCompare com
For cheap UK Home Insurance Compare Home Insurance with CatCompare
They saved me 40 bucks a month check them out!
(877) 855-8111
You will need this info before you call
Pin-PMMX2 and Name-Metzing
I live in Clearwater, FL. I was paying as low as $350.00 a year, back in the 80′s…now it’s almost $2,000.00!
In St pete holy fuck.
People who live in St Pete have it better tho who dont live in planned communities.
FL has gone to shit and will be sinking while the north survives.
put it on NetRipOffs(.)com – no need to take this!
If you force place ins. thru your mortgage co they will insure you with L of L, at $7,000 for wind only & commission and tell you they don’t shop ins. or look in your file & insure it reasonably. The government bailed out the insurance co (AIG)for ripping us off. The banks are in cohoots with the insurance co, the losses they are claiming are paper losses created this big scam and we the taxpayers are bailing them out to screw us again with tarp funds. Wake up America!
You are insured based on replacement cost. This has nothing to do with property values in your area.
Are you out of your mind? Lol.
I was originally paying 2200 my insurance went up to 5100 I put storm shutters and verified that the local fire house was .5 miles away my insurance is now 2100.
fire house originally shown 10 miles in my insurance policy by proving it was closer insurance went down
I have First Home Ins Fla, real greedy con artists! I pay 2,700 for HO a yr, 3200. deduc for hurricanes. It’s due in March 09. Just got a bill today for 207. extra due July 7th coming up. No explanation for this although I do see they raised the price of my house to 179.000. I had it lower since our town is loaded w/forclosed houses, no work & prices on houses went down big time. Only worth 111,000 now.
Sure makes living in your car look inviting, thats sad, I’d be freaking, especially because Florida is known to be a retirement place for the elderly and they are on fixed incomes, even if your not that jump is extremely high, he’s right its a rip off. The hard thing there is they are subject to hurricanes, I’d move
Try to see if your ‘Forced Place insurance’ would not be better.
Where do you get good home insurance?
This is totally unbelivable I live in the UK and we do have a slightly different insurance system, we have to pay for buildings and also contents insurance,
now the buildings insurance is mandatory if you have a mortagage and its all tierd on the rebuild value of your home and any risks nearby like flooding rivers etc our insurance for my home is like £70 = $160-$170 dollars, and thats at the top end of the scale allowing the house to be rebuilt with $420,000 to cover that cost should it be damaged or destroyed
I can’t imagine anything like this ever being pulled off in the UK EVER !!!! my heart goes out to all residents of Florida this is a outrage. I can’t belive that have been allowed to get away with this. (respect to the posting mate) the only way anyone listens to the public is if they raise thier voices. as the public are no longer represented by our elected politicians.
It is time to take our country back from these theiveing politicians and low life cooperate big business scum bags.They would steal their mothers last dollar to benefit themselves.
I have Nationwide.After a storm they offered $1800 for $9200 in damages.I said no so they started an investigation claiming I may have ripped the new roof off my home.Low life scum.
More big business rip offs.They support the politicians so the government lets them cheat and scam even the disabled.
you are suppose to say two thousand five hundred and forty nine damn dollars. that is total shit and it’s not right, america’s legal scam all the insurance companies. BASTARDS
i wish i had a web cam – my parents insurance trippled over this crap **fuck our gov’t for letting this happen i wish they would all rot in hell dirty politics. these politics would have a fucking heart attack tryin to survive a real hurricane, i hope they all die of anthrax poisoning a bunch of scum bags
Great. FYI, CBS Evening News tonight 6:30-7:00 FL Crisis short segment; producers may do long show later. Suggest all call or email responses!
thanks for the comment, i made an insurance playlist and added the video Tallahassee Refugee to it.
A time out for comic relief on our crisis: See the YouTube video “Tallahassee Refugee”.