The added expense of homeowners insurance significantly increases your housing costs when you own your own home. From extra money for things like flood and fire insurance to sudden payment increases you don’t’ have cash flow to cover, insurance costs can easily exceed what you can afford. Debt.com has the latest advice and tips for keeping your homeowners insurance costs under control.
It’s not as simple as it sounds, but also not as hard as it looks: Raise your credit score.
Across the United States, low-income earners are spending nearly 23 percent of their income on mortgage payments. In some areas, Americans are spending more than 30 percent of their income.
The worst part: There’s only so much you can do about it.
