Wahoo
Real Estate
Your Home column: Learning more about homeowner's insurance
If your home is used solely for your personal residence, then your homeowner's insurance is not tax deductible. According to the. , only private mortgage insurance can be deducted – and this does not apply to a homeowner's policy. However, there are some exceptions and here are some instances...
Your Home column: Do you need Title Insurance?
Lender's Title Insurance is required (if you obtain a mortgage), but owner's title insurance is optional. An owner's policy can protect you against losing your equity and your right to live in the home if a claim arises after purchase. Even if you're buying a new home, defects can exist because the land has had previous owners and the builder might not have paid all of its contractors.
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