“Location, location, location” has long been the golden rule of real estate. But in today’s challenging housing market, a new mantra is developing: “Insurance, insurance, insurance.” As homeowners insurance premiums rise across the country, buyers are facing a double hit — soaring home prices and costly insurance, which is required…

SDI Productions/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways Lenders force-place insurance when borrowers fail to maintain coverage required as part of a loan or lease. Force-placed insurance is usually more expensive and doesn’t provide coverage for your belongings or personal liability. You can remove force-placed insurance by getting your…

Treasury Secretary Scott Bessent on Monday said that the Trump administration is mulling the declaration of a national housing emergency in an effort to address high housing prices and limited inventory. “We may declare a national housing emergency in the fall,” Bessent told the Washington Examiner in a Labor Day interview. Bessent reiterated…

Marie C Fields/Shutterstock Key takeaways It’s fine to get rid of monthly mortgage statements, but you should keep all your mortgage documents, including proof of title insurance and the promissory note, until your loan is paid off. Having your mortgage documents handy can be beneficial when filing home insurance claims,…