What is a CLUE Report and how could it impact my mortgage?

Most people are unaware of CLUE Reports and how they affect property ownership and protection. CLUE Reports include not only accepted claims, but denied claims and inquiries. They are meant to be a comprehensive record of all loss history on you as an individual and on a property.

When Should I File a Home-Owners Insurance Claim?

Regardless of payment to a claimant; whether or not you file or don’t ultimately file the claim; or whether it is denied or accepted; a call to your insurance company will most likely end up on your report. If you’ve experienced a property loss (flood, fire, etc.) it doesn’t necessarily mean you should file an insurance claim. Here are a couple of things to think about before you file an insurance claim:

8 Basic Requirements of the Ability to Repay Mortgage Rule

Ability to Repay Basic Eight Requirements

2014 brings with it many new rules established by this new regulator that have significant impacts not only on the type of loans that consumers have access to but how they are delivered. The rule set minimum requirements that a creditor must consider in making the ability‐to‐repay determination. Eight factors must be considered, at a minimum, in the underwriting evaluation process:

2014 Electric Vehicle Tax North Carolina

As of Wednesday you now must pay an additional $100 fee during the car’s initial registration or at its annual renewal that lawmakers say is required to offset gas taxes, which electric car owners do not have to pay. North Carolina legislators have very cleverly titled this law the “Fair Share Contribution for Electric Vehicles” Act, after all, who couldn’t support fairness, right?

Deep Fried Turkey Safety Tips

Don tells me that nearly ALL Thanksgiving Day homeowner’s insurance claims almost always involve a deep fryer and a raw/frozen turkey. I dug up a press release from North Carolina Farm Bureau dated November 25, 2008 and thought I would share with my readers important safety tips that you should know about if you are planning to Deep Fry a Turkey this Thanksgiving.