About the House with Troy Galloway

Troy Galloway
About the House with Troy Galloway podcast

Do you ever wish you could spend an hour with a general contractor or building inspector? About the House with Troy Galloway is exactly that! Galloway Building Services is a stable, consistent, and reliable St. Louis inspection service provider with more than 40 years experience. Troy Galloway is an engineer and complete construction expert. This knowledge and skill make him and Galloway Building Services more than just another inspection company. Your home inspection should be educational not merely a list. RSS FEED URL https://anchor.fm/s/35ccf558/podcast/rss

  1. 14 JUN.

    How Insurance Protects Your Home with Michael Caples - 06.14.2024

    This episode of About the House is brought to you by the Construction Consumer Advocacy Institute https://constructionconsumeradvocacyinstitute.com/     ⁠   Pick up a copy of Troy’s book at https://www.amazon.com/Building-Confidence-ESSENTIAL-Contractor-Hiring-ebook/dp/B0CYXPY63S  In this episode of About the House with Troy Galloway, Troy talks to Michael Caples about the different ways insurance protects your home including when you hire a general contractor to renovate your home. Find out more about Mike Caples at https://agents.farmers.com/mo/arnold/michael-caples/home-insurance/  https://www.facebook.com/michael.caples.insurance/  2:15 A portion of the proceeds from Troy’s book will go to the Shriners. 3:29 Mike Caples has been in insurance for over 25 years 5:00 Most home insurance claims in the Midwest involve the roof 13:20 How do you assess if a roof was installed correctly? 14:25 Avoiding “storm chasers” who prey on homeowners after a bad storm 16:00 Ask to see a contractor’s proof of insurance 18:30 Workman's comp 21:18 Contractor licensing 26:10 Subcontractor contracts 28:20 Undocumented laborers will not have a tax ID 30:00 Will insurance deny a claim if renovations were done without permits? 31:00 Story about bad wiring injuring a cable guy 34:00 Terrorism coverage 36:00 Don't rely on FEMA to take care of you 38:00 Flood insurance  40:40 Sewer and sump pump endorsement  42:40 Rebuilding from the ground up 43:40 Call the insurance company when you get your declaration page 47:05 A lot of policies don't cover mold 48:30 What if a contractor cracks my driveway? 50:20 Removing snow

    58 min
  2. 1 APR.

    Reverse Mortgages with Richard Brown - VIDEO - 04.01.2024

    WATCH ON YOUTUBE https://youtu.be/IKgHO21RcAQ This episode of About the House is brought to you by the Construction Consumer Advocacy Institute https://constructionconsumeradvocacyinstitute.com/     ⁠     In this episode of About the House with Troy Galloway, Troy talks to Richard Brown about Reverse Mortgages a.k.a. HECMs. Find out how you can use your home’s value to pay for medical expenses and in-home healthcare. Contact Rick Brown, Reverse Mortgage Loan Officer NMLS #247348 C : (314) 249-3418 F : (314) 334-2919 rbrown@university-bank.com https://www.university-bank.com/reverse/about-reverse/rick-brown/  DISCLOSURE: University Bank – Reverse Mortgage Division, Equal Housing Opportunity - NMLS 715685, 2015 Washtenaw Ave, Ann Arbor, MI  48104 – (www.nmlsconsumeraccess.org), Member FDIC that operates in various states.  For a complete list of the states University Bank can operate in please visit  https://www.university-bank.com/licensing. This is not a commitment to lend or an offer for a rate lock agreement. All Mortgage transactions are subject to verification of application information, satisfying all underwriting conditions and requirements. Restrictions apply. 3:00 How long has Rick been doing Reverse Mortgages A.K.A. HECMs? 4:47 How does Rick explain Reverse Mortgages to new clients? 6:35 Rick has to read a disclosure. The numbers presented today are examples and do not reflect what your numbers will be. 34:26 Rick begins his slideshow presentation 34:30 Introduction to Reverse Mortgages A.K.A. Home Equity Conversion Mortgage (H.E.C.M.) 34:39 What is the definition of a Reverse Mortgage or H.E.C.M.? 36:20 What are some issues to think about when considering a Reverse Mortgage? 39:30 Adjustable and fixed-rate Reverse Mortgages 39:43 A brief overview of Reverse Mortgages 42:23 The mechanics of a Reverse Mortgage 45:13 An example of a HECM with a $300,000 home 50:05 What happens if the home value does not appreciate after a Reverse Mortgage is put in place? 50:59 A chart showing the home appreciation rate being less than expected 53:03 What if there is an average 3% increase in interest rate? 55:03 How/why might a senior borrower use line of credit funds in the future 55:18 Potential future uses of growing line of credit 58:15 Delaying commencement of social security 58:56 One spouse dies 1:00:14 Directing all proceeds to a guaranteed monthly payment 1:03:57 What are ill-suited quarters? 1:05:51 HECM for purchase 1:06:43 Rightsizing to a new home 1:07:14 Impact on retirement success likelihood 1:08:55 Sampling of potential HECM users 1:09:23 Why not wait to get a HECM until I know I need it 1:10:36 Reasons to get a Reverse Mortgage today rather than later 1:11:58 Reverse Mortage VS a home equity line of credit 1:12:30 FHA HECM guarantees 1:13:00 How does the FHA prevent insolvency? 1:13:43 Qualifying requirements for a HECM 1:14:19 What seniors are good candidates for a Reverse Mortgage? 1:14:45 What do financial planning gurus think of HECMs? 1:15:00 HECMs and the financial planning profession 1:16:03 What is the FHA’s 60% year 1 proceeds limitation rule? 1:17:26 How do adjustable rate mortgages work? 1:18:12 What is the story with non-borrowing spouses? 1:19:26 How do Reverse Mortgages work in a Grey Divorce Settlement? 1:19:41 Adjustable and fixed-rate HECMs 1:20:20 Expanded HECM overview 1:20:26 More questions? Contact Rick at rbrown@university-bank.com

    1u 26m

Info

Do you ever wish you could spend an hour with a general contractor or building inspector? About the House with Troy Galloway is exactly that! Galloway Building Services is a stable, consistent, and reliable St. Louis inspection service provider with more than 40 years experience. Troy Galloway is an engineer and complete construction expert. This knowledge and skill make him and Galloway Building Services more than just another inspection company. Your home inspection should be educational not merely a list. RSS FEED URL https://anchor.fm/s/35ccf558/podcast/rss

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