Crane Financial Solutions

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How does escrow work with my homeowners insurance payments?

Your mortgage lender will desposit an escrow amount into you account every month and use those funds to pay your insurance, real estate taxes, and if necesarry also you private mortgage insurance bills when they are due. An escrow account helps ensure the timely payments of all these obligations. The good thing about this is that since your mortgage payment is made up of your insurance premiums for your home, many of my clients can "re-fi" their mortgage just by savings money on their home insurance....the escrow company will also give you a refund check from your previous home insurance carrier as well.

If you want to see how I can lower your overall mortgage, call me today. (303)268-5354

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What is a high deductible health insurance policy?

A high deductible health insurance policy places theup front cost directly on the policy holder but in exchange has significantly reduced rates. With a high deductible health plan the insured is responsible for 100% of the up front cost up to a certain dollar amount. Common deductible amounts are between $3,000 - $8,650 per person per calendar year. Most of my clients who are generally health and who do not take any medications, or need to see specialists are on higher deductible plans in order to maximize their monthly savings. If we pair this with a health savings account (HSA) and gap coverage, my clients can have a very robust and comprehensive plan portfolio at a very affordable rate.

If you do not have such a plan or have never been talked to about the difference, call me today. (303)268-5354