Ruhl Mortgage

Expert Financing Tip from Ruhl Mortgage

by Nikki Lindholm

What’s the mortgage tip for homebuyers and sellers this summer? Have your homeowners insurance configured early! Chris Schneider, President of Ruhl Mortgage, suggests getting your insurance lined up, “as soon as you get a home under contract.” Why? Many clients want to know their full payment amount prior to closing. To ensure that your closing does in fact happen on time and accurate figures are used, your loan officer needs your final insurance premium amount.

Often this information is overlooked or saved until the very end of the process because it is thought to not greatly influence one’s mortgage. “We will see a client negotiate hard for a few thousand dollars on the purchase price, which only changes the payment on a 30-year loan about 5/per thousand,” says Schneider, “but then they will get an expensive insurance policy from a national carrier,” which may change the amount factored into your monthly mortgage more significantly than you think.

As with all financial paperwork, it’s wise to get your loan officer as much information as you can so they can provide you with the most accurate idea of what your monthly payments will look like.

At Ruhl&Ruhl Realtors, we partner with reputable and knowledgeable local partners like Ruhl Mortgage & Nelson Brothers Agency because we feel it’s important you feel supported in all aspects of your transaction throughout the entire home buying and selling process. Therefore, we have established strong relationships with some of the best experts in our Iowa, Illinois, and Wisconsin markets.

For more mortgage and insurance tips, make sure to visit our website to learn more about Ruhl Mortgage and Nelson Brothers Agency. And as always, reach out to your agent with any and all questions, they are more than happy to help steer you in the right direction, no matter what your housing needs.

Posted in : Ruhl Mortgage
Next Article

Is the Market Changing for Buyers?

Buyers today have had to deal with incredibly low housing inventory in an incredibly competitive market. For those leary of moving fast, the uncomfortable pressure of feeling rushed is heavy and ever-present. Even for those...

View
Previous Article

What’s Happening in Clinton – Community Events

Welcome to Clinton, Iowa the city once known as the 'Lumber Capital of the World. Here you'll find attractions that highlight the town's past like the Saw Mill Museum and The LumberKings baseball team. In addition to these...

View