Critique my current mortgage situation. Chances?

[cartwrna]

That showed as per month payment. It would just be an estimate as I didn't put my social or anything in (didn't want a HP on credit). It was also through an insurer I've never used. I'm with allstate for all my insurance but they didn't offer a quote online. I'm assuming they would be cheaper for me as I have several vehicles covered with them as well.

[cartwrna]

That quote was through "Farmers"

[Glenn_S]

Steer clear of Farmers. After 15 years, they jacked my rates up more than double, with no Renters, boat or vehicle claims. I went back to Allstate and saved over 1200 annually on my lines of business. Since we are in the process of buying, I spoke with my Allstate agent and she quoted me $763 on a $170k home, without doing a credit pull. She stated it should be within about 10% of actual rate (we are in Minnesota). $367 a month is crazy, unless you are in an area known for hurricanes and flooding.

[cartwrna]

LOL I'm in Iowa so no hurricanes and flooding is possible due to the Des Moines River runs right through town but it's isolated flooding and doesn't happen often. Also contained to one rural area away from where I'd be buying.

[Anonymous]

"LOL I'm in Iowa so no hurricanes and flooding is possible"

Yeah but what about tornados?

[cartwrna]

We had an EF1 this year, previous tornado was in 1999. We're not a very high disaster area. My wife tells me that is why she doesn't want to leave this area :-p

[wagsk1]

I live right on the Jersey shore and I don`t pay that much for 2 homes. Something does not sound right.