Nick Taylor | Source | VP, Head of Real Estate at Better.com

Nick explains that hurricane insurance covers "wind damage and related water damage" but excludes flood damage, requiring separate insurance. Costs range from $1,500 to $3,000 annually in hurricane-prone areas. Deductibles vary: windstorm for any storm, named storm for named events, and hurricane for hurricanes. A waiting period often applies, especially for flood insurance, to prevent last-minute purchases.

Nick explains, “Your credit score significantly affects mortgage rates. A higher score means better rates.” He suggests considering government-backed loans, saving for a larger down payment, and shopping around for lenders. To improve your score, pay bills on time, reduce credit card balances, and check your credit report for errors. Specialized lenders can also help, but compare offers carefully.