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Mortgages – The Best Time to Finance

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If you have already decided to purchase a home and you don’t have the luxury of waiting for a market change, your lending rate will in large part depend on the market. If you have time to decide when to jump into the mortgage market, then research mortgage rate forecasts for the next year. If rates are expected to increase you may want to submit an application quickly, if rates are moving down you can wait.

Of course your credit rating will be another relatively fixed variable in your quest to get the best rate, if it’s relatively low you will pay a higher rate. So if you have time before you need to borrow attempt some credit repair through one of the better known repair firms. It usually takes a few months for them to make a difference but the points they gain could save you significantly over the term of your loan.

It’s common sense to shop around for the best mortgage rate and terms and negotiate with mortgage lenders until you are satisfied that you have been quoted the best available rate. So, you can go through whatever expedited process you want, you need to establish to best rate and terms before you zoom through to closing.

Mortgage companies may lock in your interest rate once you apply and are approved but if rates are too often changing they may not offer you an opportunity to lock the rate.

As an appraiser and I understand how important your valuation is. If you have problems with the appraisal the rest of the transaction can just fall apart. Address valuation issues before you bother with loan commitments, if the property you want to finance won’t appraise as high as expected you may be wasting your time.

If you do get a commitment of any kind from a mortgage company make sure you get a copy of it, some mortgage companies have gone to on-screen signature documents that disappear once you have electronically signed them. The document you need may disappear when the mortgage lender no longer want to honor them at closing, it’s happened to me, so you better have a “screen print” copy before your disappears into the ozone.

Historically mortgage rate have varied between 3.0% and 18.0% and at the moment, in early 2018, the 30-year fixed mortgage rate is near 4%. So we have current mortgage interest rates that are near the low-end of the mortgage interest rate range and if you wait no guarantee exists that they will remain low indefinitely.

If you take the time to make sure the home you want to borrow on will appraise near your expectations, that you are in the best credit position to borrow, you have shopped for the best available rate / terms and considered timing you will get a lot more for your money.

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Finance

How to Pick the Right Auto Body Repair Shops

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Some of the biggest questions people run into deal with the repairing their vehicles. Many times people are confused and don’t know how to go about picking the right auto body shop. What process should I run through in picking the right vehicle repair shop? What questions should I consider?

What value am I getting for my Auto Body Repair?

The most important question in determining what auto body repair shops is: What value am I getting in repairing my vehicle here? Many body shops out there are looking for unsuspecting customers and ways to pad their bottom dollar. A lot of times body shops will offer the lowest price because they know this will attract customers. Unfortunately, from a customer standpoint choosing the lowest price is not always the way to go.

Daniel T., Vice President of National Auto Parts, in Dallas, Texas, concurs that doing this will only create more car issues in the future. “Repairing your vehicle is always about what you get in return. These days, body shops continue to push the limits of their customers to see how much more they can get away with. At this point the body shop knows exactly what they’re doing. Is the customer to know the better?”

What can I do to protect myself?

A solution that’s been picking up a lot of traction recently is hiring a third party to assist you in this area. There are a few good car crash consultants out there that will help you figure out what’s being put on your vehicle and how the vehicle’s being repaired. When looking for a good car crash consultant selecting one that gives you a lot of insight on the repair and product being used is imperative. Using these specialists provides visibility in an area with many questions.

Another way is looking for a detailed report of the work being put into the vehicle and reviewing the warranty the shops offers. When you get into an accident, every insurance gives you an assessment of the damages, take a look at the sheets and read over to see what product they’ve listed for use. Auto Body Shops sporadically will attempt to use cheaper parts to make more money. Requesting the use of what’s listed on your insurance assessment is not unusual and will help protect against this. In regards to warranties, most legitimate body shops will have an extensive warranty and stand by their work.

Where should I look for the body shop?

Driving to the nice plush auto body repair shops off the highway might be convenient, but doing this often drives up the price of the job. “All businesses have costs and are in it to make money. With this assumption, you have to believe any cost a business incurs will be passed onto their consumer,” Daniel says. Hanging off the highway, and looking more in-city gives any prospective client a better chance to keep labor costs low. Prices per hour for labor can vary wildly from $30-$100 for the same type of work. Don’t misunderstand the shop may not look the best, but you can be guaranteed going this route will provide good value.

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Proximate Cause – Mitigation

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The insured should mitigate the loss insured, where possible. A failure to do so might enable the insurer to say that the loss was not proximately caused by an insured peril but rather by the fault of the insured. However, in doing so he might increase the loss, or cause a loss which is not covered by the policy. He will be able to recover if he acted reasonably and the loss can still be directly linked to the insured risk, so that he has not taken any steps which constitute a navus actus interueniens.

– A storm blows down the gabled wall of a timber building. The falling wall breaks the electrical wiring which short circuits and sparks, causing a fire in the timber building. The fire brigade use water hoses to put out the fire and cool neighbouring buildings. However, the water causes damage to the unburnt contents of the timber building and the neighbouring buildings. There is a direct line of causation between the storm and the water damage (Stanley v. Western Insurance Co. (1868) LR 3 Ex 71).

– A fire starts in a building and the insured throws furniture out of a window in an attempt to save it. The furniture is damaged on impact with the ground.

Positive action by the insured to avoid or mitigate a loss does not generally break the chain of causation, as long as he acts reasonably. Thus the proximate cause of the loss is fire. Even where the policy excludes cover for property removed from the premises, the exclusion will not apply where the insured property is removed for its own safety (Marsdenw. City & County Assurance Co. [1866] LR 1 CP 232). Similarly, if the property is stolen shordy afterwards, the loss is covered by the fire insurance (Levy v. Baillie (1831) 7 Bing 349) unless the insurer could demonstrate that the insured acted unreasonably in not taking steps to prevent theft, or to minimise other damage, e.g. from the weather, as the theft or weather damage would be a new act which breaks the chain.

– A fire causes a fire alarm to go off. Employees leave the building but the production process in operation cannot be delayed or stopped without damaging the goods. The proximate cause of any damage to the goods resulting from a stoppage in the production process would be fire. If, however, the fire alarm was rung falsely, or there was no reason for the employees to leave the building, the proximate cause of the damage to the goods being processed would not be fire, as the risk itself has not commenced (Watson & Sons Ltd. v. Firemen’s Fund Insurance Co. of San Francisco [1922] 2 KB 355). The proximate cause of damage caused by departure after a false fire alarm is the negligence of the person setting it off. This will always be a question of fact.

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Mexican Insurance Online – 10 Reasons To Buy Insurance Online Verses At The Border

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With the propagation of the internet it has become so much easier to do so many things like buying Mexican insurance online from the comfort of our home or office. Think of it this way, would you rather potentially stand in a long line in the heat to have to fill in a bunch of paperwork when you do eventually get to the front of the line?

If you are planning on taking a family vacation to Mexico, you should be aware of a simple fact many people overlook, you should have Mexican auto insurance to drive your car in the neighbor country. You can easily find a wide selection of Mexican insurance policies for your vehicle online, compare prices and even chat online with insurance experts without having to leave the house, turn on your car and drive to a location and wait in line.

But buying with comfort is not the only reason you should buy Mexican auto insurance online, being prepared should be your main motivation. Just think for a moment about it. You are desperate to go on vacation, you and your family are all packed up, you get in your car or RV or on your motorcycle and you head for the Mexico border. You arrive at the border only to realize that you can not cross into Mexico and start enjoying that delicious authentic mole; because you have an American plate, and your vehicle does not have Mexico insurance to move about the country.

10 Benefits of buying Mexico auto insurance online?

  1. Comfort – Buy from the comfort of your home.
  2. Flexibility – Start your Mexican insurance online quote and have the ability to save it and return at a future time to edit and complete the process.
  3. You are ahead of the game – Early bird gets the specials… Ever heard of that one? Well, getting your Mexican insurance online, will not only allow you to be ahead of the game but it will let you be at ease. Planning ahead, being cautious, and carefully reading through the protection you are paying for will give you peace of mind.
  4. Saving Money – You can compare Mexican insurance online quotes from many different Mexican insurance companies. Remember waiting to the last-minute usually does not entail saving money. If you opt to purchase Mexico auto insurance on the border and do not have the time to research your options, it might cost you an arm and a leg, literally.
  5. Ask Questions and Changes – Buying your Mexico insurance online will let you inquire about your doubts to an online representative via phone, chat or by email. This process allows you to research different insurance providers and choose the one that best suits your needs. In addition if you need to make any alterations to the Mexican insurance policy like a quick auto swap, adding a driver, or extending the vacation dates.
  6. Review – If you get your Mexican insurance online you will have the advantage of reviewing the coverage details prior to purchasing the Mexican insurance online policy. This is something that you will not be able to do if you simply show up at the border. You just will not have the time or the patience to go through all the small lines and details in your policy. Keep in mind that knowing what you are getting into is crucial, in order to avoid unexpected surprises in the long run.
  7. Security – Mexican online insurance companies go to great efforts to provide the latest in security and protection of your personal information using encryption and other security methods. The only paper involved is what you print out. If you buy at the border, for your protection ask questions of how they protect your personal information and you may be surprised.
  8. Flexibility – The policy information is readily available for you to keep an electronic copy of and print for your travels. If you lose those copies, you have a back-up and can reprint anywhere you have access to email or fax.
  9. Financial Stability – Mexican insurance online companies usually only provide quotes from financially stable Mexican insurance companies that are rated an A- or better by the industry standard company called A.M. Best. If you buy at the border, do you know what rating the companies are?
  10. Time Saving – When it is time for that next trip to Mexico, you can quickly log into your account, change the dates and reissue your Mexican insurance policy.

Now, as you can see these are just some of the benefits you get from acquiring a Mexico car insurance online. You get specialized attention and an insurance package catered to your requirements. Getting Mexico auto insurance on the US/Mexico border does not guarantee that you will be given the coverage you and your family need, or will you get the special attention you are expecting. Not to mention that your family’s safety during vacation should not be a bargain.

Think ahead, plan accordingly, get your Mexico insurance online and remember, you rather be safe than sorry. Organize yourself from the very beginning, do your research and you will be able to have the Mexican experience of your life knowing that your Mexican online insurance purchase will be there if you need it.

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