Angela Sells DFW

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Archive for the tag “insurance”

Tips for a Cheaper Mortgage

Buying a home is a great way to give yourself control over your housing costs and to eliminate the need to deal with rising costs of living. However, make sure the mortgage that you are agreeing to pay is realistic for your budget as it is a long-term investment that you are agreeing to.

One way to cut down your mortgage is to eliminate the need for a Private Mortgage Insurance, PMI. In order to do this you will need to put up a twenty percent down payment. Typically lenders will only agree to a minimum of eighty percent borrowed money, ten percent down payment, and ten percent private mortgage insurance. Private Mortgage Insurance will typically cost you about one percent of the total loan amount. By eliminating the need for PMI, you will decreased the excess you will repay on your loan.

Another way to lower your mortgage is to buy a less expensive home or consider downsizing. This will not only make it easier to come up with a twenty percent down payment, but will also lead to a lower monthly payment and less insurance on your mortgage since you would be borrowing less money. In addition, you will also save money on property taxes and insurance. It is important to note, that you can save a lot of money by researching what company has the cheapest rates.

Make extra payments on your mortgage when you can. By doing this, you will pay less interest in the long run. For example, if you make an extra payment of $1,000 and have an interest rate of 10%, you will pay $100 less a year for the duration of your loan. By making regular extra payments, you will pay off the loan sooner and with less interest which can save you a lot of money by the time that you make the final payment on the loan.

For all of your real estate needs, please contact the Hornburg Real Estate Group at Keller Williams Realty at DallasFtWorthHomeSearch.net or (817) 264-7087.

How to Spot Signs of Rodents and Bugs

Unfortunately, just because you don’t see pests during an open house, it doesn’t necessarily mean that they aren’t there. Hiring a professional is the best option when deciding if the home that you would like to buy would has a pest problem. However, there are certain signs of pests that you can look for in a potential home that will give you an idea if the home has a pest problem. Successfully determining whether a home has a pest problem can save you a lot of money in the future.

Rodents carry ticks, fleas and diseases as well as leave their droppings everywhere. Since they are nocturnal, it can be hard to determine if a home has a rodent problem. When looking at a home, listen for scratching noises in the walls to help you determine if there are rodents. In addition, look for rat nests in dark places like corners of cabinets and pantries. They make their nests out of shredded fabric and shredded paper. It is also a good idea to examine the baseboards for holes or dirt that might indicate that the home has rodents. In addition rodents are attracted to food and humidity so be mindful of the atmosphere in the home.

Bugs and insects can destroy personal property as well as expose you to a lot of diseases. In some cases they can even cause asthma attacks. They can be hard to get rid of in the future which could end up getting expensive. When looking at a new home, look for dead bugs, bug parts or holes where bugs could potentially enter the home.

Termites can put the structure of your home at danger. If they have been there for an extended period of time, they can even damage your foundation. Insurance doesn’t typically cover termite damage which means you would be responsible for the repairs. When looking at a new home, pay special attention to the wood. If the wood is sagging, there are visible holes, or it sounds hollow when you knock, the home might be in danger of having termites.

Bed Bugs will bury their beaks into your skin and extract your blood. Signs that the home might have a bed bug problem would be if you see rust-colored stains on the bedding, or furniture. In addition, look for cream-colored eggs in the corners of furniture. If you think that you were in a home that has a bed bug problem, it is important you clean all your personal items with hot water to ensure you don’t bring them with you as the can be really difficult to get rid of.

For all of your real estate needs, please contact the Hornburg Real Estate Group at Keller Williams Realty at DallasFtWorthHomeSearch.net or (817) 264-7087.

Homeowners Insurance

One feature you will more than like decide to invest in is homeowners insurance. Legally, you can own your home without having insurance. However, most lenders will not allow you to finance your home through them without having insurance. If you live in a condominium, the board could also require you to have homeowners insurance. Considering this, understanding homeowner’s insurance is very important.

Homeowners insurance protects the owner from fires, floods, and unforeseen circumstances. There are eight different levels of home insurance depending on factors like how old the home is and if the home is being lease. By contacting an insurance company, an insurance agent will be able to match you with the appropriate level of insurance for your need.
It is important to complete an up to date and accurate home inventory so that if there is a loss or damage to the property, the policy can account for it and it will be easily reflected in your tax records. Create a list and take photos of all expensive and/ or valuable items. Make a copy of the list and store one copy in a safety deposit box  for safe keeping and the other on a digital file for your convenience. This way you will have a record and will be able to be reimbursed for your personal items in the house.

 

For all of your real estate needs, please contact the Hornburg Real Estate Group at Keller Williams Realty at DallasFtWorthHomeSearch.net or (817) 264-7087.

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