If you would like to get accurate rates on both insurance and interest rates please feel free to contact me. I will be happy to put you in touch with professionals who can assist you.
Terry McCarley, RealtorÂ®, CDPE
Jones & Co Realty
RE/MAX Realty Group
The insurance can vary greatly depending on where you are located in the cape. I know when I relocated here I was amazed that the first insurance quote I received was so high as I was only paying about $600/yr on my other home in Nevada.
For example, I recently was purchasing another property and due to it's location in a flood zone on a canal with an older non hip style roof the insurance was going to be appx $3200/Year.
I was able to find another property that is less than 15 minutes away and in a low risk zone and my current insurance is less than $1200/year.
There are other items that can aid in reducing your overall insurance costs such has having a wind mitigation inspection and a base flood elevation study completed, both of which can have a dramatic impact on your insurance rates.
Interest rates are very low at the moment however that is subject to credit score, debt to income ratio, etc... I would suggest you contact a mortgage broker for accurate info and to be pre-qualified. Let me know if you would like a few referrals.
If you have any other questions or would like some assistance with locating a property that meets your needs without breaking the bank just let me know, I am always happy to be of assistance.
Both insurance and Mortgage rates depend on certain circumstances. Insurance depends on the location, age and flood zone the property is in. If it's located in a flood zone, then your rate will be higher for Insurance. With a morgage, it depends on the bank, your credit and history and the down payment you put down. If you need a good mortgage banker, let me know. I also have a good insurance agent that gets good rates for my clients. Let me know if I can answer any more questions for you or if I can help you in any way.
Gulf Gateway Realty, Inc
As the others have said this is way off. It does depend on the home and location. I pay about $2000.00 a year for home owners insurance and I'm closing a deal today where my client is getting 3% interest on his loan. I would be happy to help you if you are not already working with a Realtor. I can look up fees on any property that you like. I would also be happy to give you the contact info of the mortgage broker that got my client 3%v fixed rate on his loan. Let me know if I can help. firstname.lastname@example.org .
Have a great day,
It sounds too high for most homs. Your insurance premium is determined by the location, age and condition of the house. If you buy an older house on the river, which never had any updates, your premium could be this high. In any case, Cape Coral is worth every penny you spend on it. Come and see for yourself.
My homeowners insurance is approx. $700.00 per year, and my flood is 672.00 per year..
I just closed a deal yesterday where the buyers interest rate was 3.75%.
Not sure where your getting your info.