In this solo episode of The Real Estate Lens, Ryan Richards breaks down a topic that’s often overlooked but can have a huge impact on your mortgage approval and investment returns: home insurance.

Drawing from his experience as a residential loan officer and real estate investor in Massachusetts and Rhode Island, Ryan explains how insurance premiums are estimated during the lending process, why certain properties can cause costs to skyrocket, and what every buyer should look out for before making an offer.

From old wiring and roof conditions to coastal risk and flood zones, he shares real examples of how small oversights in underwriting can lead to thousands in unexpected expenses—and how to avoid them.

What you’ll learn:

• The biggest property factors that drive up home insurance costs in New England
• Why Rhode Island premiums often exceed Massachusetts rates
• How flood zone changes can add $5K–$20K in annual insurance costs overnight
• How a $50/month increase in insurance can affect your mortgage approval by tens of thousands
• Practical estimates for multi-family and single-family properties in different markets
• Key questions to ask your lender and insurance broker before closing

Whether you’re buying your first home, adding to your portfolio, or refinancing, this episode will help you factor insurance into your deal analysis so you don’t get blindsided after the purchase.

Interested in connecting?

HOST
Ryan Richards | Branch Manager, Northpoint Mortgage | NMLS 1987735
rrichards@trynorthpoint.com | www.financewithteamrichards.com
204 Turnpike Rd, Westborough, MA 01581
Licensed in MA, CT, FL, NC, NH, PA, RI
Follow us on Instagram @financewithteamrichards