Skip to content
Click to Call Client Center
Empower Financial Group

7430 U.S. Hwy 42 #105
Florence, KY 41042

Get Directions

5 Steps To Buying Your First House

If you’re looking to purchase a home in Florence, KY or surrounding areas, it’s important to consider the proper steps to set you up with success. At Empower Financial Group, we can help you get set up with a homeowner’s insurance policy as well.

5 Steps To Buying Your First House

1. Get Your Finances In Check

First, it’s crucial to get your finances in check. Understanding your current financial situation will provide you with a clear picture of what kind of home you can comfortably afford. Setting up a budget is an excellent way to track expenses against your income. It’s good practice to ensure that no more than 30% of your monthly income goes towards housing costs –

2. Start Saving

Once you’ve planned out a feasible budget, the next step would be to start saving for the down payment on the house. This requires diligence but is essential in securing your dream house.

3. Boost Your Credit Score

A higher credit score means better interest rates and terms when applying for a mortgage loan. Therefore it’s beneficial to aim for credit score growth as part of preparing for homeownership.

4. Find An Agent

Trying to navigate everything on your own when buying a home can be a tough way to go. Hiring an expert real estate agent can make life much easier.

5. Work With The Right Insurance Company

Working with an expert like Empower Financial Group can help give you one less thing to worry about when you’re trying to get homeownership tasks done within the first 90 days.

Consult With Us

For people living around the Florence, KY area, Empower Financial Group would like to get you set up with your first home insurance policy. Contact us if you have any questions or would like an estimate. 

Does Home Insurance Cover Flooding From Plumbing Issues?

Many things can happen to a home to cause damage, and having unexpected plumbing issues is one particular risk. Home insurance can help protect homeowners against certain risks outlined in the policy. If you’re currently searching for homeowner’s insurance, you can count on the experts at Empower Financial Group to offer insurance coverage to the residents in and around the Florence, KY area. 

Plumbing Damage

Most home insurance policies offer protection against damage to the home if there is an unexpected plumbing issue. In instances where appliances or supply lines suddenly leak or burst, the insurance will cover the cost of repairing the damage. However, home insurance will only cover damage if your plumbing is correctly maintained. Always ensure your plumbing is properly installed and in the correct working condition. 

Residents in the area can count on our insurance experts to offer them policy options that protect them from plumbing risks and much more. Insurance professionals carefully assess your current and future needs to match you with options that provide the most comprehensive protection against risks. We are also dedicated to offering top-quality customer service throughout the policy’s lifetime. 

Reach Out Today

If you want to work with a top insurance provider in the Florence, KY area, you can count on Empower Financial Group to help you get the policy options that you want. Call or stop by our office today to speak with one of our insurance team. We can provide insight and support while you learn more about the available insurance products to help you get the peace of mind you need as a homeowner.