674 - 8 Steps to Prepare Your Finances for Homeownership
Money Girl
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How Much Do You Need to Pay for Home Insurance?
Home insurance is required by mortgage lenders to protect the property from various disasters such as fire, wind storms and vandalism. An average premium could be in the range of 800 to 15 hundred per year. You also may need to pay private mortgage insurance, or p m i. I you might also have home owners association fees,. These could be required in certain neighborhoods or communities where you've got like a pool, a boat dock, or landscaping.
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