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While going through a costly divorce earlier this year, Cavanaugh's flood insurance coverage lapsed. Many people in the small coastal community, which faces the Gulf of Mexico southwest of Fort Myers, did not have flood insurance coverage. It appears that, despite an increased occurrence of devastating flood events, a declining percentage of people nationwide have flood insurance policies. Chuck Larsen / SantivaChronicle.com via APOne significant issue is that many homeowners assume a typical homeowner's insurance policy covers floods. The average cost of flood insurance from the National Flood Insurance Program is $995 a year, according to Forbes Advisor analysis.

SKIP AHEAD Best early Prime deals | Exclusive promotions for Prime membersWhile you’re browsing early deals, keep in mind that Amazon is not the only retailer hosting a mega sale this week. Below, we rounded up a handful of early Prime Early Access Sale deals we think you’ll want to know about leading up to the official sale, which takes place Oct. 11-12. Best deals ahead of the Prime Early Access SaleAs you're sifting through Amazon’s early Prime Early Access Sale, you’ll notice that some deals are available for a limited time period, meaning once the product sells out, the deal is over. Early Prime Early Access Sale Day promotions for Prime membersBeyond deals on products across categories, Amazon is also offering a few promotions Prime members can take advantage of leading up to its October sale. During the Prime Early Access Sale, Prime members can get 20% off (up to $10) on Grubhub orders using the code PRIME20.

☆ A 55-year-old who never made more than $52,000 a year built a 25-unit real estate portfolio in 5 years and is now financially independent: 'If I can do it as a basic blue-collar worker raising a famil
▼ + stars: | 2022-10-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +14 min

A former cop who never earned more than $52,000 built a 25-unit real estate portfolio. He spends time managing his investments, including a 25-unit real estate portfolio, which Insider verified. Here's how Mark built a 25-unit real estate portfolio in just five years on a salary that never exceeded $52,000 a year. He agreed, called up a real estate agent he knew in the area, and told her he wanted to invest in real estate. "At that time, I had not read any real estate books, I had not watched any YouTube videos, and I really didn't know anything about buying real estate," said Mark.

☆ A $150 million beach home for sale would be the Hamptons' priciest ever — if it can find a buyer
▼ + stars: | 2022-10-06 | by ( Ray Parisi | ) www.cnbc.com time to read: +6 min

watch nowAn oceanfront estate in Southampton, listed at $150 million, stands as the priciest home for sale in the Hamptons — and is struggling to move off the market. The pair of beachfront homes with two pools and a tennis court in the foreground of the photo are the La Dune estate. Aerial view of the La Dune estate from over the ocean. Liam GifkinsThe estate is situated on 400-plus feet of super-prime beachfront along Gin Lane, sometimes referred to as "billionaire's beach." She relisted La Dune in August with a new brokerage firm and raised the ask to $150 million.

☆ Denver's most expensive home lists for $28.9 million and features a stunning charred wood treatment
▼ + stars: | 2022-10-03 | by ( Ray Parisi | ) www.cnbc.com time to read: +6 min

Dusk view of the main house looking into the glass-encased great room. Nate PoltaThe local trend in Denver sales prices may bode well for the new $28.9 million listing. Primary bedroom Nate PoltaThe main house includes five bedrooms and eight bathrooms. Nate PoltaThe residence includes a self-sustaining solar energy system, in-floor heating and Lutron shades. The view from above the lap pool and sundeck reveals an array of solar panels on the pool house roof.

While Amazon's second Prime Day-esque sale in 2022 — the Prime Early Access Sale — doesn't start until Oct. 11, the retailer is already rolling out early deals exclusive to Prime members. SKIP AHEAD Best early Prime deals | Exclusive promotions for Prime membersWhile you’re browsing early Prime deals, keep in mind that Amazon is not the only retailer hosting a mega sale in the next few weeks. Below, we rounded up a handful of early Prime Early Access Sale deals we think you’ll want to know about leading up to the official sale on Oct. 11-12. Best early Prime dealsAs you're sifting through Amazon’s wide variety of early Prime Early Access Sale deals, you’ll notice that some are available for a limited time period, meaning once it sells out, the deal is over. Early Prime Early Access Sale Day promotions for Prime membersBeyond deals on products across categories, Amazon is also offering a few promotions Prime members can take advantage of leading up to its October sale.

☆ Families in over 20 states are scrambling to place a bet on what their energy bills will be in the future. A wrong decision could cost them hundreds of dollars.
▼ + stars: | 2022-09-27 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

In today's volatile energy market, a wrong decision could cost them hundreds of dollars. Increasing in prevalence in the 1990's, deregulated energy markets have pros and cons, experts say. In today's volatile energy market, a wrong decision could cost them hundreds of dollars. Pros and cons of deregulationIn general, Basseches says he thinks deregulation can help lower a state's energy costs. In Texas for instance, among the "most deregulated" states, he says energy costs are generally "very low."

Let's break down some of the myths around real estate as an investment that can mislead you — and in the process, show why real estate isn't a prerequisite for building assets. Real estate isn't always a good investment (or an investment at all)"Always" and "never" don't have a place in a savvy investor's vocabulary. Insider's Featured Real Estate Investing Platforms FundriseYieldstreet Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. You don't have to purchase a property to invest in real estate, anywayNone of this is to say that buying real estate is a bad move or won't work out in your favor. By investing in an REIT, you invest in a company that professionally buys, sells, and manages real estate properties for profit.

☆ Home Depot’s customers have been resilient despite economic headwinds, CEO says
▼ + stars: | 2022-09-16 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

Home Depot's business has remained strong even as turbulent economic conditions pinch consumers' wallets, CEO Ted Decker told CNBC's Jim Cramer on Friday. His comments were in response to Cramer questioning him about whether he has seen the same signs of recession that FedEx CEO Raj Subramaniam warned of on Thursday's "Mad Money." "Our consumer, our customer, pro and DIY have been resilient," Decker said. And guess what, they're spending more time in that home, and that home's aging," Decker said. He acknowledged that the seasonal aisle has seen some softness, even though the project business has held steady.

☆ Homeowners lose wealth as rising interest rates weigh on home values
▼ + stars: | 2022-09-07 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. From April through July, San Jose, California, lost 20% of its tappable equity, followed by Seattle (-18%), San Diego (-14%), San Francisco (-14%) and Los Angeles (-10%). Current borrowers, on average, owe just 42% of their home's value on both first and second mortgages. There are, however, about 275,000 borrowers who would fall underwater if their homes were to lose 5% of their current value. Even with a universal 15% decline in prices, negative equity rates would still be nowhere near the levels seen during the financial crisis, according to the report.

Here are some of the best lenders that offer VA loans and USDA loans with zero down. Best VA loan lendersBest USDA loan lendersFAQsSubscribe to the Select Newsletter! Types of loans offered: The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. Fees: Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees.

Below, CNBC Select takes a closer look at three of the best mortgage lenders that don't charge origination fees (see our methodology below). Ally Bank doesn't charge application fees, origination fees, processing fees or underwriting fees — the lender may, however, charge appraisal fees and recording fees, as well as for title searches and insurance. See our methodology for more information on how we choose the best mortgage lenders that don't charge origination fees. Fees: Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees. Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees.

Persons: you'll, Ally HomeReady, —, Ally, We've Organizations: CNBC, Ally Bank Ally, Jumbo, Ally, PenFed Credit Union PenFed Credit, PenFed, Federal Credit Union Navy Federal Credit, Navy Federal Credit Union, Armed Forces, PMI, CNBC Select's, Facebook, Twitter

Below, Select takes a closer look at four of the best mortgage lenders that don't charge origination fees (see our methodology below). Ally Bank doesn't charge application fees, origination fees, processing fees or underwriting fees — the lender may, however, charge appraisal fees and recording fees, as well as for title searches and insurance. PenFed offers a variety of mortgages with no lender fees, including no origination fees, though other types of fees may apply. Fees: Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees. Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees.

It's a good idea to keep your emergency fund in a relatively accessible account, such as a Marcus by Goldman Sachs High Yield Online Savings account or in an Ally Online Savings Account. Ally Bank Online Savings Account Learn More Ally Bank is a Member FDIC. For that reason, you should consider how much of a monthly mortgage payment you can comfortably afford. They also encompass appraisal fees, underwriting fees, home inspection fees, credit check fees and title insurance and title search fees, among other fees. Ally Bank, for example, won't charge an application fee, origination fee, processing fee or underwriting fee.

Types of loans Conventional, FHA, VA, USDA, Arrive Home, Zero Down, jumbo, construction, refinancing, reverse mortgagesTerms 15 to 30 yearsCredit needed 540 for FHA, VA and USDA loans; 600 for Zero Down; 620 for conventional loans, 680 for jumbo loans. Standout benefits: You can be approved for a conventional mortgage with as little as 3% down and no mortgage insurance. Types of loans offered: The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. After reviewing the above features, we sorted our recommendations by best for no down payment, affordability, no lender fees, low-income borrowers, VA loans, USDA loans and online lenders.

Persons: Ally, Freddie Mac, Chase DreaMaker, Chase Bank's DreaMaker, Chicago —, Chase, Homebuyers, Federal's, J.D, Powers, JD Powers, HomeOne, Power's, Fannie Mae Organizations: FHA, USDA, NAF, Bank, Ally, Chase Bank, Standard Agency, Chase, Chicago, Federal Credit, Navy, Navy Federal Credit Union, Navy Federal, PNC Bank, DC, PNC Community Loan, PNC, U.S . Department of Agriculture, Rocket Mortgage, Card, Rocket, U.S, Mortgage Guild Mortgage, Homebuyer, Better Business Bureau, JD, Better, Chase Bank Chase Bank, Federal Credit Union Navy Federal Credit Union, Defense Department, Bank PNC Bank, . Mortgage, Mortgage, Reserves National Guard, National Association of Realtors, CNBC, Federal, CNBC Select's, Facebook, Twitter Locations: VA, New York, Philadelphia, Detroit, Charlotte, North Carolina, New York City, Los Angeles, Atlanta, Washington, U.S, Oregon, Hawaii

If you're looking for a jumbo loan, here are four mortgage lenders you should consider. Types of loans offered: The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. Fees: Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees. Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees.

T-Mobile vs. Verizon: Is network speed or network coverage more important? T-Mobile Essentials vs. Verizon 5G Start plansPlan details T-Mobile Essentials Verizon 5G Start Price per month with automatic payments discounts included. T-Mobile Magenta vs. Verizon 5G Play More and 5G Do More plansPlan details T-Mobile Magenta Verizon 5G Play More Verizon 5G Do More Price per month with automatic payments discounts included. T-Mobile Magenta Max vs. Verizon 5G Get More plansPlan details T-Mobile Magenta Max Verizon 5G Get More Price per month with automatic payments discounts included. It provides fast data speeds, but its limited capacity results in slower data speeds, especially in congested areas like major cities.

Persons: —, Alex Potemkin, Dong Wenjie, it's, Price, It's, You've, Antonio Villas, Ookla's, you've Organizations: Mobile, Verizon, Service, Hulu, Disney Plus, ESPN, Fastest Mobile Networks, Getty, Verizon's 5G Nationwide, LTE, Nationwide Mobile, Paramount, Disney, Apple Music, Apple, People, Mobile Magenta Verizon, Nationwide, 5G Nationwide Mobile, International, U.S, AAA, Netflix, Apple Arcade, Google, ESPN Plus, Mobile Magenta Max, Mobile Magenta Max Verizon, Boas, Samsung Locations: Mexico, Canada, U.S

☆ This couple bought and renovated a 109-year-old mansion for less than $500,000. Now it's worth $900,000–take a look inside
▼ + stars: | 2022-05-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

When Abby Brothers first saw the Page Mansion listed for sale online, she knew she had found a forever home. Abby and Trey Brothers found the listing for the 109-year-old Page Mansion on Zillow before the couple moved in 2018. Here's how they found and developed a vision to transform the vacant house into their DIY dream home. When Abby and Trey went to see the home in person, remains of that history were scattered throughout the vacant mansion. The couple spent $268,000 renovating the Page Mansion, keeping much of the house's old features, furnishing and even furniture.

While most lenders tend to require a minimum credit score of 620, Rocket Mortgage accepts applicants with credit scores as low as 580. Types of mortgage loans offered: Conventional, FHA, VA, USDA, jumbo Minimum credit score: 540 for FHA, 620 for conventional. For a conventional mortgage, lenders typically want a credit score 620. Types of loans offered: The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans.

Persons: Citibank's, you've, JD Powers, It's, J.D ., it's Organizations: FHA, Rocket Mortgage, Card, Rocket, U.S, Navy Federal Credit Union Navy Federal Credit, Navy, Navy Federal Credit Union, Navy Federal, Citibank Citibank Mortgage, Citibank, Jumbo, Better Business, PMI, Mortgage, USDA, Guild Mortgage, CrossCountry, CrossCountry Mortgage, Federal Credit Union Navy Federal Credit Union, of Defense, Homebuyer, JD, District of Columbia, J.D, Better, Consumer, Government, CNBC, CNBC Select's, Facebook, Twitter Locations: VA, New York, U.S, San Diego, Oregon

Rocket Mortgage is one of the biggest mortgage lenders in the U.S. and has recently become a household name. While most mortgage lenders tend to look for a minimum credit score of 620, Rocket Mortgage accepts applicants with credit scores as low as 580. Types of loans offered: The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. Fees: Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees.

Does homeowners insurance cover damage to your septic tank? Homeowners insurance covers septic tanks with exceptions that vary among providers. However, damages can only be covered as part of a claim for a covered loss (ex: after a fire, your homeowners insurance may replace your septic tank). Homeowners insurance providers will generally cover your septic tank up to the policy limits under "other structures." Some common insurance perils include:FireLightningTheftIceSnowSleetSmokeVandalismFreezingIf the septic damage is unexpected and related to a covered peril, your homeowners insurance will cover it.

Like a rate-and-term refinance, a cash-out refinance replaces your current mortgage with a new loan. You decide to get a cash-out refinance for the full amount you can borrow, which is $240,000 (or 80% of $300,000). Does it ever make sense to take on a higher rate to get a cash-out refinance? Cash-out refinance alternativesA cash-out refinance isn't the only way to take equity out of your home. Getting a cash-out refinance when mortgage rates are high typically doesn't make sense for most borrowers who are already locked into lower rates.

Consolidating credit card debt refers to the process of taking out a new loan to merge credit card payments into a single payment. Transfer debt to a balance transfer credit cardIf your credit is strong, you may be able to leverage one of the best balance transfer credit cards as a tool to consolidate credit card debt. Ultimately, you're using a credit card to pay down credit card debt, which can be a slippery slope. So if you're struggling with credit card debt, you may consider borrowing against your 401(k) to consolidate credit card debt. Sign up for a debt management planIf your credit card debt feels impossible and you're considering bankruptcy, you might want to consider a debt management plan first.

Find out what your state provides for first-time homebuyers:Programs in the NortheastConnecticutThe Connecticut Housing Finance Authority gives loans for down payment assistance. Programs in the SoutheastAlabamaThe Alabama Housing Finance Association has down payment assistance programs for low-to-moderate income earners, and a tax credit program that can be combined with down payment assistance. If you're buying a home in Louisville, you might qualify for a down payment assistance loan from the local government. WashingtonThe Washington State Housing Finance Commission has several down payment assistance programs that will loan you up to $10,000. The lender is also the one who will approve and process any applications for down payment assistance, closing cost assistance, or tax credits.

Persons: you've, you'll, Massachusetts MassHousing, SONYMA, There's, Kenner, Fannie Mae, Freddie Mac, Louis County, haven't Organizations: Northeast, Connecticut Housing Finance Authority, Housing Development Fund, Housing Authority, Maine MaineHousing, New Hampshire New Hampshire Housing, New, New Hampshire Housing, New Jersey Housing, Mortgage Finance Agency, New York Mortgage Agency, Pennsylvania Housing Finance Authority, Housing Network of, Vermont Housing Finance Agency, Southeast, Alabama Housing Finance Association, Arkansas, Finance Authority, of Columbia, Washington DC, DC Housing Finance Agency, Florida Housing Finance Corporation, Georgia, Georgia Department of Community Affairs, . Kentucky, Kentucky Housing Corporation, Louisiana Housing Corporation, Maryland Department of Housing, Community Development, Baltimore City . Mississippi The Mississippi Home Corporation, North Carolina Housing Finance Agency, South Carolina Housing, South, Tennessee Housing, Agency, Virginia Virginia Housing, Virginia Department of Housing, West, West Virginia The West, West Virginia The West Virginia Housing, Fund, Midwest Illinois, Federal Home Loan Bank of Chicago, Illinois Housing, Authority, Indiana, Indiana Housing, Community Development Authority, Iowa Finance Authority, Kansas Kansas Housing, Housing Development Authority, Minnesota Housing Finance Agency, Missouri Housing Development Commission, Community Action Agency of St, Nebraska Investment Finance Authority, North Dakota Housing Finance Agency, Ohio Housing Finance Agency, South Dakota Housing Development Authority, Wisconsin Housing, Economic Development Authority, Southwest Arizona The, Southwest Arizona The Arizona Industrial Development Authority, New Mexico Mortgage Finance Authority, Oklahoma, Oklahoma Housing Finance Agency, Texas The, Affordable Housing Corporation, Texas Department of Housing, Community Affairs, Alaska Housing Finance Corporation, Financial Agency, Southern, Southern California Home, Colorado Housing, Finance, Aurora, Hawaii Housing Finance, Development Corporation . Idaho, Idaho Housing, Finance Association, Montana Montana Housing, Nevada Housing Division, Oregon, Oregon Oregon Housing, Community Services, Utah Housing Corporation . Washington, Washington State Housing Finance Commission, Wyoming Community Development Authority, FHA Locations: Northeast Connecticut, Connecticut, Delaware, Maine, Massachusetts, New Hampshire New Hampshire, New Hampshire, New Jersey, Trenton, New York The State, Pennsylvania, Centre County, Rhode, Housing Network of Rhode Island, Vermont, Southeast Alabama, Arkansas, Washington, Florida, Georgia, Gwinnett County, Kentucky, Louisville, Louisiana, New Orleans, Maryland, Baltimore, Baltimore City . Mississippi, North Carolina, Carolina, South Carolina, Lexington, Tennessee, Virginia Virginia, West Virginia, West Virginia The West Virginia, Illinois, Indianapolis, Iowa, Kansas Kansas, Kansas, Michigan, Minnesota, Missouri, Louis, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin, Southwest Arizona The Arizona, Mexico, Oklahoma City, Texas, Texas The Texas, West Alaska, Alaska, California, Southern California, Los Angeles County, Orange County . Colorado, Colorado, Aurora, Hawaii, Idaho, Montana Montana, Nevada, Oregon Oregon, Utah, Wyoming

☆ Wealthy parents are taking out cheap loans to buy their adult children homes and save on taxes. Here's how it works and why it's feeding the all-cash bidding frenzy.
▼ + stars: | 2021-10-13 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

For wealthy parents, these loans are a way to pass on their wealth to their children at a low cost. Every week for the past 14 months, the wealth advisor Aaron Bell has had to help his affluent clients buy houses. With interest rates on loans as low as 2%, clients can save money by taking out loans they don't need, rather than liquidating their stock and incurring hefty capital-gains taxes. Parents pledging their investment accounts with their child as the borrower is a tax-efficient way to pass along assets before death. These lines are also secured by the value of the property, which means that as it appreciates, the adult child's dependence on their parents' assets decreases.

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