Sentences with phrase «thing homeowners ages»
Before 2015, the only thing homeowners ages 62 and older needed to qualify for a reverse mortgage was equity in their home; lenders weren't required to determine whether they could afford to maintain their homes or cover tax and insurance payments in the future.
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The age of your home and whether or not there have been updates or home repairs in certain things such as plumbing, electrical, heating, roof, etc. can affect your homeowner's insurance premiums.
Obviously, when it comes to things like your age, marital status, and homeowner status, there isn't much you can change.
Homeowners will pay premiums based on the age of the house, the type of construction and distance from fire hydrant or fire station among other things.
Factors that may affect your homeowner's premiums include such things as the age of the home, the materials it is built from and the likelihood of natural disasters.