Saturday, January 18, 2014

How To Negotiate Your Mortgage Rate

By Jim Thorpe


In a perfect world, we would learn to properly maintain every potential fire hazard in the house. Our heaters would always be in perfect working order. We would never leave a flammable object close to the open flame of a stove.

Last week I was sitting at home caring for two children ages 4 and 18 months old. I am a live-in nanny and am responsible for the part-time care of these kids and their 3 older siblings who are school age. Normally I only work a few hours a week for the family, but this particular week, both parents had gone out of town on short notice so I found myself on child care duty 24/7.

Fortunately, homes can be restored or rebuilt with the right general contractor and damaged items can be replaced. Unfortunately, the lives of the people in your home are not restorable or replaceable.

2. Just Before Your Search Spend a few hours and research mortgage jargon. This will make you more knowledgeable and help you understand exactly what you are purchasing. It will also catch lenders off guard and dissuade them from trying to tack on extra expenses. Determine your budget and stick to it. This is a big decision and needs to be made before you speak with lenders. If you go with no budget you may end up taking a loan much too large for you needs.

Continuing their campaign to create a fire-safe America, the U.S. Fire Administration (USFA) released materials regarding the proper maintenance of your fire alarms and sprinklers.

"Ma'am, I think I've found the source of the smell. Your gas is leaking. I've called the fire department and I'm gonna have to ask you to get the children and leave the home immediately until they come find out what's wrong."

They call their campaign Install. Inspect. Protect. They want everyone in the house to have proper warning of impending danger. If residents are awoken at the first sign of danger, the chance of them getting out of the building safely increase dramatically. For this reason, the USFA wants you to install smoke alarms inside and outside of sleeping areas and on every floor of your home.

Once I got the kids settled at her house, I walked back to wait and see what was wrong so that I could call the homeowners with the information. It must have been a slow week because no less than EIGHT response vehicles showed up.

Alarms that you know are working save lives. They give you proper warning. In contrast, two or three alarms you assume work that are scattered around the house endanger them.

It will seem that you are the only one who is bothering them this much looking for a better rate. Do not budge! This is a business arrangement and not a friendly conversation. Negotiate for the price you want. Make sure the price is within your budget. If you were thinking of building a new house talk to a few general contractors to get a feel for what you want and can afford.

General contractors in Salt Lake City are required to have some sort of Fire Alarm installed in every building that they construct. This is according to the laws and regulations that are inspected by a registered fire Marshall who comes and inspects every building that finishes construction.

If you are in need of a general contractor in Blackfoot, Idaho, give MBA Construction a call. We have the skills and expertise to make your project a reality.




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