Your credit score is a measure of your financial health. The credit-reporting agencies Equifax and TransUnion use a scale from 300 to 900. High scores on this scale are good. The higher your score, the lower the risk for the lender. Thus, a higher rating will typically secure a better mortgage rate, since you’re considered to be more likely to make your scheduled payments. If you have a poor rating, do some damage control before you apply for your mortgage.
Reducing the listing price is the way to go. It’s critical that you list your home for the right price, in order to attract interest from buyers and generate serious interest in your listing. Your real estate agent will help you set the right price that is competitive with comparable homes in your area.
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Unlike the name suggests, all risks insurance doesn’t cover every possible risk to your property. However, it does have the most extensive list of all home insurance options. It includes all possible disasters except for a list of named exclusions, for example, damage caused by insects or rodents, volcano damage, or earthquake damage. In areas affected by earthquakes, coverage is often available at an additional cost.
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There are many factors that impact the premium, some noticeable ones are: ⦁ Address - if your neighbourhood has a higher number of burglaries, you may pay more premium; distance to a fire hydrant and a fire station also counts ⦁ Replacement cost - the size, number of stories, composition of your home, furnished basements, number of garages, etc. ⦁ Roofing - a recently replaced roof with better material is more likely to withstand the harm of weather ⦁ Heating - newer forced-air gas furnaces and electric heat are far safer than oil furnaces and wood stoves ⦁ Other - do you have a swimming pool and/or a hot tub? Do you have sewer back-up prevention measures?
Yes. When an insurance agent refers to home insurance or homeowners insurance they are typically talking about the same type of policy. A standard home insurance or homeowners insurance policy includes coverage for the structure of the home and liability.