Consumer Information Form

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 Consumer Information Form

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Understanding the FEMA Flood Zone Maps

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  Understanding the FEMA Flood Zone Map https://www.floodsmart.gov/ https://www.floodprice.com/fema-flood-zone-map V and VE Zones Include high-risk coastal areas with a one percent annual chance of flooding. Over the span of a 30-year mortgage, the chance of flooding in these areas is 26 percent. Properties located in V and VE zones carry additional risk associated with velocity from storm waves. VE zones have had detailed hydraulic analyses conducted to determine Base Flood Elevations. Base Flood Elevations for V zones have not been determined. Flood insurance is mandatory for properties in all V/VE zones. A and AE Zones Like V zones, A zones, face a higher risk of flooding than other flood zones. There are five types of Zone ‘A’ floodplains . Properties in an A zone are typically located near non-coastal bodies of water, like ponds, rivers or streams. Flood insurance is mandatory for properties in all A zones B, C and X Zones Considered low-to-moderate flood risk zones. These ...
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WHAT TO DO WHEN YOUR LANDLORD RAISES THE RENT

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  Find out what steps you can take....   First:   Why... Is My Rent Going UP Are landlords trying to increase their  rental prices in order to match market rates , to pay for property maintenance or improvements, to accommodate tax increases, or simply to increase their profits. Like most industries, the rental market responds to economic trends creating conditions for owners to ask more or less for rent depending on their region.   BUT WHY IS THE RENT GOING UP SO MUCH? It turns out, that  most landlords do not regularly raise their rent  to match the cost of owning and maintaining a property. What ends up happening is after 5 years at a steady rental rate, the owner will realize that a rent increase is necessary to keep up with increasing property taxes, maintenance, and market rates. Suddenly, after 5 years of affordable rent, you might see a sudden 10-25% increase. For a lot of renters, a 25% increase could price them out of their current rental pro...
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Home Warranty vs. Home Insurance

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  Home Insurance vs. Home Warranty What's the difference. They both sound like they are interchangeable but they are different and protect you in different ways. Home Insurance: Is a policy that covers l oss, damages or issues involving wind, theft, fire and water, etc.. that affect your home. The policy only covers the structure of your home, foundation, walls and roof & belongings but read your policy carefully and identify what is covered and not covered they can vary from policy to policy.  Home Warranty: is a policy that covers the cost of r epairs and replacements of certain appliances and systems in your home caused by everyday wear and tear, or from old age.  Your mortgage will require a home insurance policy to be purchase and maintained when you buy a home. The monthly payment of that insurance policy will be rolled into your mortgage payment. The mortgage company will not require a home warranty. You can always add, change, upgrade or downgrade your home ...
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