Homeowners Class 9/10/2025

You know we are passionate about personal finances and passionate about influencing others to get a hold of their financial life.

We are hosting another homebying seminar 9/10 at 6pm!

Meet lenders that are familiar with working with first time homebuyers!

Learn about programs availabel in York County for first time homebuyers!

meet Realtors anxious to help you on your homebuying journey and meet credit experts to help you get a handle on your credit.

Experience is the best teacher and although you may not be aware of how homeownership works we want to give you the confidence to get there one day.

The benefits of owning your home is tenfold. You have more control over the next 30 years of your monthly installment by knowing your payment. After paying off you mortgage you reduce your monthly expenses by that payment, something that would never happen renting. You can gift the house to your children. You can take equity out of the house. You can rent the house for a profit or even sell the house for a profit. Real Estate taxes and interest on your mortgage is tax deductible; another benefit to owning your own home.

Homeownership is an important key in becoming finanically sound. More benefits than not; you should come out and learn the process! No one is too young or too old!

How Can I find out who my homeowners insurance is through?

Its ok, you arent the only one!

A lot of times people buy their first home and take a recommendation from the realtor or from their lender and cannot remember what company they have their home insurance through!

It is paperless and it is escrowed so you havent seen the documents in ages and you are not even sure who has it! Do you have an agent? And who is the carrier?

Homeowners insurance is billed typically to the mortgage, then paid as a dispersement form your escrow account. So every month when you pay your mortgage you pay into your escrow account, iinterest and pricipal. Your escrow collects enough to pay your taxes and insurance every year.

Your escrow account can fluctuate based on the taxes and insurance fluctuating. Every year around the time you purchased the home the mortgage does an escrow analysis, where they reevaluate if they need to take more or less money from you (adjusting the mortgage payments) based on changes in your taxes and insurance.

So since your escrow gets the bill from the insurance carrier directly and pays it; that is where we can find out who your insurance carrier is.

You can call you mortgage company to ask who they pay the insurance bill to. Once they give you the name of the carrier you can call the carrier and attempt to get information about your policy (declarations page) with the policy number provided by the mortgage company.

Another way that sometimes helps us locate your current insurance carrier or agent is; mycoverageinfo.com. This is a website that is subscribed to by a lot of insurance and mortgage carriers to have a “Catch-all” to get insurance information updated to the mortgagee. So, you can find out who the carrier is from this site by answer a few personal questions about you and your mortgage.

This site doe not always work because the mortgagee would have to be the one that utilizes this service and it is not always the case that they do. But it is a great help when it works seamlessly attaching your mortgage info to your insurance carrier or agent.

Typically most people issue their home insurance when they first buy their home and unless they need to use the insurance…they rarely think of it again. Years go by and we arent sure who is the agent or carrier so this is a helpful way to figure out who you have as an agent or carrier for your home!