A large down payment on a home can make the difference between a mortgage you can afford and one you can’t. We know saving for a down payment can feel overwhelming – but we’re here to help! In this ongoing series, we offer a simple tip each issue on how to save for that down payment and meet your homebuying goals. Today’s tip: re-assessing your insurance.
Taking out the right insurance policies – for your home, car, rental property, healthcare and more – is one of the smartest ways to protect your savings. But many people barely read the policy or fail to update their insurance as their situations change. Take a close look at your insurance policies and assess what, if any, adjustments are required. Then compare companies to find the best pricing; remember that prices might have changed since you last purchased insurance. You can also look for ways to bundle your insurance plans and save. If you need referrals to trustworthy insurance agents, ask us. We are here to help!