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Given the recent destruction and heartache from storms, it's important to reflect on our preparedness. In this episode of "Recharging with Champions," we deviate from our usual fun Thursday Jumpstart trivia to tackle a critical question that could help you make important decisions about flood insurance.

Did you know that if you have a 1% or higher chance of flooding, flood insurance is required for your property if you have a standard mortgage? Many homeowners might not realize that their standard insurance does not cover flood damage. We explain the 1% rule, the 100-year flood zone, and why it's essential to be aware of your insurance coverage.

Additionally, we discuss the importance of considering flood insurance even if you're not in a high-risk area, and the need to understand that flood insurance typically does not cover landslides. This episode aims to spark curiosity and encourage you to evaluate if your current insurance is sufficient.

Be informed, be prepared, and share this vital information with your community. Have a wonderful Thursday.

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In this episode of Recharging with Champions, we delve into the impact of natural disasters on home ownership, focusing on the crucial topic of insurance coverage. Discover why flood insurance is often overlooked and the significant consequences for homeowners and businesses without it. Learn about the role of FEMA in disaster recovery and the differences between federal aid and insurance policies.

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In this episode of "Recharging with Champions," we address the complexities that arise in real estate transactions following natural disasters. As these events impact numerous aspects of business and family life, it's crucial to understand the steps needed to proceed with buying, selling, or refinancing a home in a FEMA disaster area.

Today, we share a crucial Tuesday tip focusing on the necessary actions to complete your real estate transaction post-disaster. We discuss the importance of re-verifying property conditions, ensuring the availability of homeowner's insurance, and confirming courthouse operations for mortgage recording.

Join us as we provide essential guidance to help your clients navigate these challenging times and ensure a smooth transaction process. Stay informed and be a beacon of information for those affected by natural disasters.

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This week on Recharging with Champions, we delve into the profound impact natural disasters have on the real estate market. From Florida to Ohio, the recent hurricane has disrupted countless lives and business transactions.

In today's episode, we share a personal memory from 2021, highlighting the unexpected hurdles faced during a home sale in North Carolina due to a hurricane. Discover why courthouse closures can delay property transactions and how understanding these challenges can help ease stress during such tough times.

Stay informed, stay prepared, and ensure you're sharing this critical information with your network. Tune in tomorrow for more insights.

Check out helpful tools, training and more on our YouTube channel! https://www.youtube.com/@rechargingwithchampions

This week's episode of "Recharging with Champions," hosted by Charlotte Harrill, dives into the current state of interest rates. Although rates haven't decreased, they also haven't increased, which is a positive sign.

Charlotte provides valuable information on the latest trends and offers resources like graphics and social media templates to help you share this knowledge with your network. She also discusses potential interest rate drops due to changes in oil prices and their impact on inflation.

Stay informed, be the voice in your community, and leverage this hot topic to enhance your marketing efforts. Tune in next week for more updates on "Recharging with Champions."

This Tuesday's tip is all about interest rates! If you're a prospective home buyer, understanding when to lock in your interest rate is crucial. Typically, you can lock your rate once you are under contract and have a clear closing date. However, avoid locking in if your contract is contingent upon selling your current home, as the exact closing date might be uncertain.

A good rule of thumb is to lock your interest rate when you have a property address and a scheduled closing date. This ensures you're securing the best rate at the right time. Utilize the provided graphic in your toolkit to share this information on social media, helping others navigate the home buying process. Happy posting and good luck!

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This week's Tuesday Tip is all about interest rates, specifically for prospective buyers. The key question we answer is: When can you lock an interest rate?

Typically, you can lock your interest rate when you are under contract and have a closing date in view. However, if your contract is contingent on selling your current home, it might be best to wait until you have a more definite closing date.

As a general rule, lock your interest rate when you are under contract, have a property address, and a scheduled or close-to-scheduled closing date. This ensures you secure the best possible rate without unnecessary risks.

Don't forget to utilize the graphic in your toolkit for your social media posts. It's a simple and effective way to communicate this crucial tip to potential buyers, especially those who are noticing recent drops in interest rates. Good luck with your social media efforts!

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Welcome to another episode of Recharging with Champions with your host, Charlotte Harrill. Today, we dive into the nuances of interest rate changes and what it means for the economy and mortgage-backed securities.

Charlotte explains the recent Federal Reserve meeting and the impact of their decisions on interest rates. She provides a detailed analysis of a graph showing mortgage-backed securities performance and how it correlates with interest rate movements.

Learn why the recent rate drops are good news for potential homebuyers and how these changes can affect your purchasing power. Charlotte also shares practical marketing tips and resources to help you stay informed and share the latest updates with your audience.

Tune in to get the latest insights on interest rates and what to expect in the coming months. Don’t miss this episode filled with valuable information to help you navigate the ever-changing financial landscape.