To all of our armed forces and their families, thank you for all the things that you have done for our freedom and liberty. I hope that you have a very blessed Veteran’s Day from Darrell Walters and Integrity Mortgage Funding.
To all of our armed forces and their families, thank you for all the things that you have done for our freedom and liberty. I hope that you have a very blessed Veteran’s Day from Darrell Walters and Integrity Mortgage Funding.
In order to obtain a home loan, a borrower is usually required to have a homeowner's insurance policy in place. Experts agree that the most important question homeowners should ask when shopping for a plan is the A.M. Best rating of each company. New companies pop up all the time, and homeowners need to be informed about what a company can offer in terms of protection against potential risk.
Consumers should also become familiar with the liability portion of their policy. ACV (Actual Cash Value) policies pay claims based upon the depreciated value of the item or items lost. However, replacement cost policies will pay the full cost required to actually replace the items.
To ensure that the right amount of insurance is purchased, homeowners should obtain an appraisal every five years or so. If additions are made or remodeling takes place, homeowners will need to revisit and possibly upgrade their plan as well.
Experts say there are several important mistakes homeowners should be especially careful to avoid. The first is being dishonest on an application. This is absolute grounds to reject any claim. Secondly, if the property contains a detached structure - such as a guest house, a barn, a workshop, or a garage - be sure to include each one on the insurance policy. Finally, do not over-insure. Homeowners can save a little money by insuring only those items and structures that need to be replaced.
Email or call me at 678-648-5626 for a referral to a local, professional insurance agent.
Remember to set your clocks back one hour as Daylight Saving Time will end on Sunday, November 1st. And when you adjust your clocks the night before, you'll be right on time Sunday morning!
If you or someone you know needs assistance with a purchase or refinance loan, please email me or call 678-648-5626.
Moving can be very exciting...but it can also be a bit of a pain as well. Besides packing and unpacking, there is a long list of details to be handled. Things like choosing a mover, connecting utilities, getting Internet and cable service, or subscribing to newspapers or magazines in a new area can be quite a chore. And if you forget to connec
t one of the utilities you could be stuck in your new home for several days without that much-needed service.
To ease the stress of moving and to schedule new connections for all of the utilities in one convenient location, simply go to http://www.whitefence.com/.
Here you can quickly compare prices for movers, phone, electricity, television, or high-speed Internet. Just select the services you wish to compare. For example, phone, cable, and electric. Or, enter your address on the home page, hit search, and within seconds, a list of services and prices available in that area will appear.
Next, click on the service of your choice to view details and pricing or comparison shop by choosing three providers. Once you determine the provider, select the service plan, complete the requested information, enter the connection date, and within minutes a confirmation will be sent to you.
If you want to change your current provider, simply hit the icon for phone, cable, or Internet, select "switch provider," complete the requested information and a list of providers in the local area will appear. Choose the new provider and the service will be changed.
Additionally, on the site you can complete a change of address form, subscribe to local newspapers, and order magazine subscriptions.
Moving to a new home should be enjoyable and exciting. Using this tool can help remove a bit of the stress of moving and will also help save valuable time.
This is just one great resource to help new homeowners on the Internet. If you or anyone you know would like to make the dream of homeownership a reality, just email or give us a call 678-648-5626. We will review your financial situation and get you pre-approved for the perfect home.
This may come as a shock to many borrowers, but it's absolutely true. Mortgage interest rates are not set by the Federal Reserve and, contrary to popular belief, mortgage rates are not directly tied to the yields of US Treasury bills, bonds, or notes – including the 10-year Treasury Note. That's right. Despite what you might hear in the media, mortgage interest rates are actually set by lending institutions, and are based solely on the performance of mortgage-backed securities.
For years now, the media and inexperienced loan officers everywhere have suggested that the 10-year Treasury Note, a government-backed security, is directly tied to mortgage interest rates, that the two are separated by a specific interval – which is simply not true. The graph on this page, which shows interest rates for 30-year fixed-rate mortgages and the yield for the 10-year Treasury Note for 13 months, clearly demonstrates this fact.
At a quick glance, yes, it's easy to see why the mistake is made. As you can see, for 11 out of the 13 months recorded in the graph, the yield of the 10-year Treasury Note and interest rates for 30-year fixed-rate mortgages did follow a somewhat similar long-term path, despite obvious short-term divergences. However, take a closer look at the drastic change that occurs from January through March 2008. What's interesting about this graph is that, during this period, the Federal Reserve had cut interest rates six times, from September 2007, to March 2008, and yet mortgage rates were actually higher in March 2008 than they were a year before. Not only does this demonstrate that the yield of the 10-year Treasury Note is not pegged to mortgage interest rates, it also reveals that mortgage interest rates are not set by the Fed either.
Stop being misled. If you or someone you know is thinking about buying or refinancing a home, email or give us a call at 678-648-5626. We'll give the facts you need to make a truly informed decision
Integrity is built on personal, friendly service provided by our mortgage consultants. Our goal is to help you find the perfect residential or commercial loan program to fit your individual needs.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
