Today we have Alex Knapp with us from The Rhoads Group to discuss how insurance rates are determined when you go to borrow money for a home loan. Alex will be discussing a few different things that can affect your insurance rates when you apply for a home loan.
FICO Score: This is your insurance score, and this has the most impact on what your premium will be. This is not the same asyour credit score, and your FICO score can be great while yourcredit score may be lackluster.
There are many other things that can affect yourinterest rate, and one of them that nobody thinks about is the age of the roof on a home you currently live in or one that you plan on living in. Your claims history can also be a big factor in determining your interest rate. If you have an extensive history of loss, you may be dealt a pretty high rate.
Be aware that Atlas Chalet shingles have been recalled and that this could significantly affect your credit score if they were used to build your roof. Most insurance companies will not insure you if you're buying a home with these shingles. You need to talk to your seller about getting a new roof or crediting you in the sale to get a new one.
If you would like to contact Alex, he can be reached most easily at (678) 697-1908. We highly recommend Alex because he provides great customer service and he's dedicated to helping his clients.
As always, if you're looking to buy, sell, orinvestin Atlanta real estate, please don't hesitate to give me a call.
Hey everyone, today we are excited to be joined once again by our favorite insurance provider, Alex Knapp. We are going to talk a little bit today about some preventative measures that you can take in the springtime to avoid unnecessary insurance-related expenses. There are plenty of preventative measures you can take right now to ensure your home will be functioning properly as we head into the warmer months. One important thing to do is get your gutters cleaned out, so the water on your roof drains properly. You also want to trim off any tree limbs that are close to your home to avoid storm damage, and keep your bushes and shrubs trimmed up and away from your home. You'll want a little buffer between the shrubs and the house to prevent water and pest damage. If you're not practicing preventative maintenance right now, it could prevent you from making an insurance claim, which happens a lot. For example, if you have a squirrel or raccoon that gets into your attic from a nearby tree, any damage caused by the animal is not covered under your homeowners insurance policy. This is why it's so important to have someone who understands your policy and lets you know what you are personally responsible for.
If you have a bit of an older roof, you may want to have a contractor come out and make sure you don't have any leaks or holes in your roof. Sometimes as roofs age and heat up in the summer, the nails pop out of the shingles. It's a preventative measure, because you don't want roof damage. If you have any questions about insurance, give Alex a call on his cell phone at (678)697-1908. If you have any questions for us about real estate, you can always give us a call or send us an email. We look forward to speaking with you!
Hey everyone, today we are excited to be joined by Cal Couch from Trademark Home Inspection. He is here to share with us what he and his company do, and how they can be a trusted ally in the real estate transaction process.
Cal is the owner of Trademark Home Inspection, and what they do is inspect homes for prospective buyers in the market who are ready to buy new homes.
We love Cal's company because of the experience that they bring to the table. Cal has been in the real estate industry for over 15 years and has done thousands of home inspections. They do an excellent, thorough, and complete job on every one of their inspections. They do home inspections for new construction homes and existing homes, and also offer pre-listing inspections as well.
Pre-listing inspections are great if you are trying to sell, because they show to prospective buyers that you were serious and pro-active about any problems in the house, and it eliminates the stress and worry of a home inspection right off the bat.
We are all about giving people a stress-free real estate experience, and Cal and his team do a great job of helping us do that. Trademark Home Inspection can be reached by calling their office at 770-614-6534.
If you have any other questions, feel free to give us a call or send us an email. We look forward to hearing from you!