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20 January 2014

Protecting Your Home From Fire

By Jim Thorpe


Getting a great mortgage rate, especially when it comes to constructing your own house, can take some investment and time. Not only do you have to invest time but you need to understand what you are doing.

Candles would be properly blown out before going to bed at night. Unfortunately, we don't live in a perfect world, and we often forget to take care of one small detail. The resulting fire damage is enough to change our lives forever. Accidents happen and there will always be a need to put these flames out.

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."

4. Compare Quotes Take all of the information that you have collected from the lenders and set them next to each other. The lenders should also have sent you a GFE (Good-Faith-Estimate) and a TIL (Truth in Lending). The TIL amortizes the costs of the loan over the life of the mortgage rate. It takes theses costs and adds them to the interest rates giving you your APR (Annual Percentage Rate).

You are much more likely to hear the alarm if it's blaring in your ear, not when it quietly enters your dreams from down the hall. Test these alarms monthly. They also recommend installing ionization and photoelectric smoke alarms (or dual sensor smoke alarms).

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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