We are in escrow buying a 2nd home (vac property) and are having a hard time trying to figure out what type of home insurance we need to get. Our current company is saying we need commerical insurance if we are going to rent it out. Whats the difference between them? We arent sure if we will rent it out. Help…?

My friends father passed away, he had old him if he would to pass that the insurance on his home would cover paying the home off and any outstanding bills and that he also had life insurance. We are still getting bills to pay for life insurance, but we can’t get the executor to look into this.

NBC News said last night that debt should not exceed 38% of take home pay. Are property taxes and home insurance included as part of mortgage debt?