Buy to Let Property Insurance In A Nutshell

Submitted by Aaron Hughes

Landlords insurance, or buy-to-let property insurance, is a necessity for any prospective landlord. Any property that is being

let out for profit will not be covered by normal home insurance.

The fact that there are now increasing numbers of specialist insurance brokers, means that there are some great deals to be had if you are thorough.

In recent years, some companies have begun to operate exclusively online which dramatically reduces their overheads.

Other companies can offer you free accidental damage cover on your buildings insurance. Also, check what offers you can receive for having multiple properties.

The Home Buying Process, Step by Step

Submitted by Lisa Zapalac

1. Get Pre-Approved or Pre-Qualified Experts recommend speaking to a lender about getting pre-approved or

pre-qualified for a mortgage as soon as you become serious about buying a home to see what price range you can afford and what your approximate monthly payments will be.

Homebuilder sales consultants are very skilled in helping potential home buyers get a good idea of what they can afford. * a home buyer can also contact a mortgage lender directly. Always compare interest rates and fees. Based on information you provide, which is not confirmed at this point, the lender will issue a pre-qualification loan amount.

2. Pre-approval To become pre-approved, you agree to a loan, you give the broker or lender a check to cover the cost of a credit report. Once the credit report is back, the lender should be able to provide a loan rate, lock the loan in if you wish, and provide a truth-in-lending statement. There are several advantages of being pre-approved for a loan.

3. Think Credit You don’t have to have perfect credit to buy a new home, and you don’t necessarily need to have credit cards. Today, many lenders consider alternate forms of credit, such as rent and utility payments.

Checking your credit report before you apply for a loan is a very good idea.

4. Shop for Insurance As a home buyer, you will need to purchase insurance, and your builder, Realtor or lender can be good sources for recommendations. Again, make sure your credit report is accurate.

5. Know Everyone’s Role Who is involved in the home purchase process? Sales consultants are very skillful in helping buyers begin the loan process, if they have not done so already. They might recommend the builder’s own mortgage company, or a list of preferred lenders. The buyer is free to choose whichever lender they want.

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