If you're finally taking the time to re-evaluate your homeowner’s policy and check the refinance mortgage calculator, here are some key ways you can save on your premium while still ensuring that your investment is adequately covered.

Shop around every year. Look at pricing, of course, but also consider the quality of service you expect if you need assistance in filing a claim. Check with friends, colleagues and consumer resources for service ratings.

Be sure to ask insurers what they would do to lower your costs and always verify the stability of the companies you are considering. Find out from your insurance agent or company representative what steps you can take to make your home more resistant to windstorms and other natural disasters, and see what discounts you'd be eligible for if you take those steps.

The land under your house won't be stolen, blown away or burned. Don't include its value when buying home insurance. If you do, you will end up paying more than you should. Check the refinance mortgage calculator to see the difference these few small changes can make.

Another good suggestion is looking in to getting discounts of at least 5% for a smoke detector, burglar alarm or deadbolt locks. Some companies offer to cut your premium by as much as 20% if you install a monitored sprinkler, fire and burglar system.

Establishing a solid credit history can cut your insurance costs. If you've been with a company for several years, you may receive a special discount. Some insurers will reduce their premiums by 5%-10%, depending on the amount of time you have been with the company.

Refinancing is about more than getting the lowest mortgage rates. Compare mortgage rates, with the refinance mortgage calculator but also look to lower the other costs of home ownership and the savings will begin to add up.

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  1. frenny  

    April 28, 2010 at 2:30 AM

    Mortgage qualification calculator estimates what category of income lenders will expect you to be making to qualify for the specific values while the home equity calculator will enable you to see how much you may be eligible to borrow.
    Motgage Calculator