Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase.
This morning I sat down with Andrew Jallo from Dakotah Bank. Today, Andrew talked about having your insurance in place and don't wait till closing day to have it ready. You can reach Andrew at 605.692.8600 or Andrew.Jallo@dacotahbank.com. His office is located at 1441 6th St., Brookings SD 57006 or on the web at www.DacotahBank.com.
INSURANCE AND HAVING IT IN PLACE
-Spitting all over the place. Good morning, Shane here, again from the Brookings Home Team powered by Century 21 and we're about a minute late, I had, again, some technical difficulties, so I apologize for that, but, no today's not a holiday, we were just talking about that offline here, today's not a holiday, it is a regular working banking day for Andrew here at Dakota bank so we do get to see him on a normal Monday morning now, so thank you for that, but we'll let Andrew talk a little bit about his tip this morning, of course I'll have all his information if you wanna reach out to him on the sides, on the bottom, on the top, wherever your device allows you to see that, feel free to reach out to him at any time and ask him any questions that you might have. So, good morning Andrew.
- Good morning, thanks Shane for having me, yes, I do work Mondays every now and then, so strange feeling being here on Monday talking to you guys. One of the topics that I want to talk about today would be homeowner's insurance. So that's an item that you're allowed to shop around for and at the beginning of the process, we notify you, hey, it's an item that you wanna shop around for, quote for free, get those quotes, but typically a lot of times it ends up being the eleventh hour, where your lender is emailing you, say, hey, have you made a decision with your homeowner's insurance? And one item that I like to point out with that is don't wait, be proactive, oftentimes ratios are dependent on that homeowner's insurance, so if we're quoting you around 900 for a pre-qual that comes in at 1,800, that might be the difference between your ratios going to where it's outside qualifying limits. So we don't want to find out about that at the last minute. So, definitely something that you want to be proactive on, reach out, get different quotes, there's many different companies out there and as well as South Dakota codified law anti-coercion, I cannot coerce and say you need to use XYZ company for insurance, so definitely get a quote, quotes are free, compare those different premiums, and ultimately, know your coverage limits at the end. So, that's my quote, or recommendation for the day.
- Your tip.
- So, a good tip.
- Tip for the day, perfect, yeah, I don't think we've talked about the insurance side of things before, so that's some good information for them, so like I said, if you have any information or have any questions for Andrew or myself, please reach out to us, we'd be happy to answer those on our next episode, message us down below here or on the sides, whatever works, email us, I'll have all of his information here as well. So, that does it for today's Monday morning mortgage tip, coming from the twins here, we kinda match a little bit.
- We match.
- Not on purpose. So, thanks for watching guys and we'll be back next Monday, keep an eye out for us there. So, have a great week, we'll talk to you later.
- Bye, guys.