Posted in home

Thanksgiving, Christmas, and the Risks of Holiday Travel

These are the powerful and entirely valid feelings that public-health guidance will run up against when Thanksgiving, Hanukkah, and Christmas arrive. Many people will, unlike Segura, act on those feelings, and it could be dangerous when they do so during the same roughly monthlong stretch of time.

How many people will leave home is an important question. In a typical year, about 50 million Americans travel at least 50 miles from home for Thanksgiving, according to AAA. In this atypical year, it’s not yet clear how large that number will be. On one hand, a survey from Morning Consult in early September found that just under half of Americans are scrapping their usual plans for holiday gatherings. And Gary Leff, a blogger who follows the airline industry closely, told me that based on airport foot traffic this year, he expects the number of flyers during Thanksgiving and Christmas to be

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Posted in home

Hidden home risks that send insurance through the roof

When house hunting, the price of homeowners insurance probably isn’t top of mind. But homes with hidden risks can make getting coverage difficult, expensive or both. Learning how to identify them could save you a bundle.

This could be a particularly important concern for first-time homebuyers and those moving from cities to suburban or rural areas who may not be aware of common hazards, says Jennifer Naughton, risk consulting officer for North America for Chubb, an insurance company.

Three out of 10 city dwellers told a Chubb survey in early August that they were considering moving out of the city because of the novel coronavirus outbreak. Meanwhile, the number of first-time homebuyers in the first half of 2020 rose 4 percent compared to a year earlier as lower interest rates made mortgages more affordable, according to Genworth Mortgage Insurance.

Where’s the nearest fire hydrant?

A homeowners insurance premium can depend

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Posted in home improvement loans

Home equity loans come with risks

Gary Sandler, Real Estate Connection
Published 2:56 a.m. MT Aug. 16, 2020

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Gary Sandler (Photo: Josh Bachman/Sun-News)

Thinking of purchasing a new vehicle or installing an in-ground swimming pool? Perhaps you’re in need of cash for college tuition, mounting debts or an extreme makeover for your family pet. Maybe you’d like to improve your home by remodeling or adding more space. Those uses and more can be financed using a home equity loan or home equity line of credit. But is it prudent to use the money — no matter what the circumstance? Maybe, maybe not.

According to CoreLogic’s Homeowner Equity Insights report for the first quarter of 2020, “U.S. homeowners with mortgages (roughly 63 percent of all properties) have seen their equity increase by a total of nearly $590 billion since the first quarter 2019, an increase of 6.5 percent, year over year.” The report also revealed

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