The first thing that you can do to make sure you aren’t paying too much for your homeowners insurance is to shop around. Even if you have been with the same company for years, make sure that you get multiple homeowners insurance quotes from different reputable companies – companies that you can trust and have heard of — and you might be surprised at how much money you can save just by shopping around a bit.

The second thing that you can do to save money on your homeowners insurance is to install one of the best home alarm systems from one of the best home alarm companies you have heard of. Usually the home alarm companies will give you the home alarm system for free or almost free — in exchange for you agreeing to their monthly monitoring program.

In addition to keeping you safe, it can also save you quite a bit on your homeowners insurance!

Something Simple You Can Do is a post from: Florida Mortgage Team

One of the more popular loan programs released this year is the Fannie Mae HomePath Mortgage where the mortgage program is through Fannie Mae directly and is designed to help potential buyers who are interested in buying a home that is currently owned by Fannie Mae. Not only can they get a great deal on a home that has been foreclosed and is owned by Fannie Mae, but now it is possible to get a great deal on the financing for that home as well.

HomePath Mortgage Loan: The “Regular” HomePath Mortgage

The regular HomePath mortgage is designed for people where the home is not in need of repairs — or in other words, the house is pretty much move-in ready. You will often see homes that are eligible for this with the logo seen above somewhere on the sales sheets and information about the HomePath program will usually be in the remarks section of the MLS.

A few of the highlights of the HomePath mortgage include:

• Down payment as low as 3-5%
• Flexile mortgage terms (fixed-rate, adjustable-rate, or interest-only)
• Possible to qualify with less than perfect credit
• Can be used as primary residence, second home or investment property
• No mortgage insurance
• No appraisal fees
• You can have up to 10 financed properties
• No prepayment penalties

HomePath Mortgage Loans: The HomePath Renovation Mortgage

For people who are considering a home that is in need of repairs prior to living in it, the HomePath renovation mortgage is probably the best choice.  You will often see homes that are eligible for this program with the above logo on the sales sheets and will usually find more information in the remarks section of the MLS.

HomePath renovation mortgages have these benefits:

• Financing to fund both your purchase and light renovation
• Low down payment and flexible mortgage terms (fixed-rate or adjustable-rate)
• Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit, state or local government, or employer
• No mortgage insurance

If you have been to the HomePath.com website or if you have found a house that is owned by Fannie Mae in some other way – be sure to double check to see if the property is eligible for the HomePath Mortgage program, it could save you time and effort on your home financing!

Fannie Mae HomePath Mortgage Loan Program in Florida is a post from: Florida Mortgage Team