6 Insurance Costs to Add to Your Budget Before Buying

Before you buy a new home, you need to calculate a new budget including your moving and closings costs, but your new home budget won’t be accurate until you’ve considered these potential insurance costs. Find out what insurance options are out there and why you might need them to avoid any unexpected outlays. 1. Homeowners’ ...

Alternative Rate Locking Options

At 1st Advantage Mortgage, we offer a variety of alternative options when it comes to locking in an interest rate. If you don’t have a property selected but rates are favorable, you can take advantage of the market by utilizing Lock & Shop; lock in a rate for up to 90 days while you shop ...

Mortgage Insurance 101

Mortgage insurance (MI) is required when the down payment on a home is less than 20%, and it is designed to protect the lender in the event of loan default. The type of mortgage insurance required will depend on the type of mortgage you have. If you have a conventional loan, you will be paying ...

Is Your Home Covered For Winter Weather Damage?

There are many health and safety dangers of sub-zero temperatures, blinding snowstorms and inconspicuous ice sheets, but winter weather can also be incredibly dangerous to your home. Heavy snow and ice can cause collapsed roofs, fallen trees and flooded basements. This causes major headaches for homeowners. Depending on your insurance policy, you could be liable.