Why choose Flagstar to help
with your next move?
Some restrictions may apply. All borrowers are subject to credit approval. Programs subject to change without notice. Underwriting terms and conditions apply.
Est. 1987
Equal Housing Lender
Member FDIC
Page 1
Why choose Flagstar to help
with your next move?
Table of Contents
Page 3
The Costs of Moving
Page 4
How to Prepare for Your Move
Page 6
Packing Tips
Page 7
Are You Thinking About Hiring a Moving
Company?
Page 8
Are You Planning on Moving Yourself?
Page 9
What Are the Hidden Costs of Moving?
Some restrictions may apply. All borrowers are subject to credit approval. Programs subject to change without notice. Underwriting terms and conditions apply.
Est. 1987
Equal Housing Lender
Member FDIC
Page 2
The financial craftsmen at
Flagstar Bank can help make
your move as smooth as
possible.
Moving is widely considered one of the greatest sources of stress
and anxiety, following closely behind starting a new job and
other major life events. Because there are so many variables and
unforeseen costs that can arise, it helps to have a steady hand and a
trusted partner throughout the entire moving process. That’s where
we come in.
The Costs of Moving:
Monetary.
The most important way to prepare for a big move is to create a
moving budget. This should cover all your expenses—like packing
supplies and even transportation. It is also a good idea to have
additional funds to cover any unexpected costs. Be as detailed and
specific as you can.
Physical.
This goes without saying, but a big move is physically exhausting.
Ask yourself if this is something you can handle, and be realistic.
Make sure that you are well-rested when the
time comes.
Emotional.
Moving is a very overwhelming endeavor. Plan for the best, prepare
for the worst.
Some restrictions may apply. All borrowers are subject to credit approval. Programs subject to change without notice. Underwriting terms and conditions apply.
Est. 1987
Equal Housing Lender
Member FDIC
Page 3
How to Prepare for Your Move
Before you even pack the first box, here are a few things to consider
before making your move:
Create a moving schedule and stick to it.
Moving doesn’t have to be a logistical nightmare. By scheduling every
aspect of your move, you can prevent any surprises and stay on top of
everything.
Make a list of items traveling with you.
Save yourself a step in the packing process by deciding ahead of time
what you intend to bring with you.
Declutter.
Why move something you’ll throw away? Lighten your load as much
as you can by getting rid of things that are either unnecessary or
wouldn’t survive the move, like plants or old furniture.
Moving Across Town vs. Moving Long Distance
Here are some things you should know:
•
Moving across town is shorter in distance, so take advantage
of the extra time and money you save.
•
Crossing state lines is usually more expensive and requires
more logistical planning.
•
Both types of moves can be easily made with the right
execution and positive attitude.
Some restrictions may apply. All borrowers are subject to credit approval. Programs subject to change without notice. Underwriting terms and conditions apply.
Est. 1987
Equal Housing Lender
Member FDIC
Page 4
How to Prepare for Your Move
cont’d
Distance Is Just Another Factor
Here are some helpful tips for every type of move:
Plan your route.
Whether you’re moving across town, across the state or across the
country, closely examine your intended route and allow yourself
enough time to get there.
Don’t wait until the last minute.
If you’re hiring a moving company or renting a truck, book them in
advance. The same goes for packing: have everything ready to go well
before it’s time to leave.
Move during the off-season.
Summer is the most popular time to move, so consider moving in the
fall or winter for lower rates and less traffic—if you have the option.
Be prepared.
While a long-distance move is a greater financial commitment, shortdistance moves are not without their unique problems. Consider
every variable depending on the type of move you’re making and act
accordingly.
Some restrictions may apply. All borrowers are subject to credit approval. Programs subject to change without notice. Underwriting terms and conditions apply.
Est. 1987
Equal Housing Lender
Member FDIC
Page 5
Packing Tips
How to pack smart for your upcoming move.
Decisions, decisions.
One of the most difficult aspects of moving is deciding what you
absolutely need to bring with you, and what is unnecessary. Don’t be
sentimental, be realistic.
Lighten the load.
Donate or sell the items that aren’t making the trip.
Get boxes.
Purchasing new moving boxes can be a significant expense, but you can
often find free boxes at grocery and other neighborhood stores.
Pack room by room.
Dedicate boxes to specific rooms, labeling them as you go.
Bundle breakables.
Instead of buying packing paper, use towels, clothes and bed sheets to
pack any breakable items.
Disassemble furniture.
If possible, disassemble larger pieces of furniture to save room.
Don’t overload.
It can be tempting to fit as much as possible in each box, but
overloading can make your move more difficult.
Some restrictions may apply. All borrowers are subject to credit approval. Programs subject to change without notice. Underwriting terms and conditions apply.
Est. 1987
Equal Housing Lender
Member FDIC
Page 6
Are You Thinking About
Hiring a Moving Company?
Do your research. Read reviews, ask around, or visit company
websites. Be very thorough when choosing a mover. Take note of
their registration number. After all, you need to make sure you’re
putting your move in the right hands.
Here are a few resources to get you started:
•
•
•
•
•
http://www.moving.com/
http://www.moving.com/tips/hiring-quality-movers/
https://makespace.com/blog/posts/moving-packing-tips/
https://www.realsimple.com/home-organizing/
organizing/moving/moving-checklist
http://www.moving.com/tips/hiring-quality-movers/
Compare rates. Moving companies set their own rates based on
factors like distance and volume, and usually offer free estimates to
give you a better idea of what you’ll pay. Also, compare the types of
insurance each mover offers, and ask your current insurer if they
offer any additional coverage for moving.
Ask questions. Does your mover use subcontractors? Do they
offer packing or storage services? Are there any additional fees you
should know about? Don’t be afraid to ask your mover any questions
you may have.
Some restrictions may apply. All borrowers are subject to credit approval. Programs subject to change without notice. Underwriting terms and conditions apply.
Est. 1987
Equal Housing Lender
Member FDIC
Page 7
Are You Planning on Moving
Yourself?
Even if you’re moving on your own, you’re not alone. We’re here to
help.
1. Never pack in a rush. Waiting until the last minute is never a
good idea. Give yourself enough time to cover all of your bases and
make your move as smooth as possible.
2. Track what you pack. Labeling and color coding your boxes
will help you take note of not only what has been packed, but in what
order it should be loaded into your vehicle.
3. Use the right vehicle. There are plenty of options out there as far
as renting a vehicle is concerned. However, the distance you intend to
travel and the volume of your belongings will determine what kind of
vehicle you need to use. The greater the distance, the larger the truck.
4. Ask for help. Friends, family and neighbors are great resources to
draw from when moving. And be sure to reward them with pizza when
the job is done.
5. Imagine your savings. Moving by yourself is a huge undertaking,
but you are saving a lot of money by doing it yourself.
6. Celebrate when you get there. You did it! Once you’re all moved
into your new place you deserve to enjoy it.
Some restrictions may apply. All borrowers are subject to credit approval. Programs subject to change without notice. Underwriting terms and conditions apply.
Est. 1987
Equal Housing Lender
Member FDIC
Page 8
What Are the Hidden Costs
of Moving?
Here are some moving costs you might not have considered:
Storage. If, for whatever reason, your move doesn’t go exactly as
planned, you may need to store your belongings. Facilities and fees
vary, but they can add up.
Utilities. Not only will you need to disconnect your current utilities,
but you will need to connect your utilities at your new home. Each of
these could incur fees.
Replacements. For every item you discard before your move, the
odds are that you will end up replacing it. Before you donate or sell
anything, ask yourself if you’re going to end up buying a new one for
your new home.
Deposits. If you are currently renting, you probably paid a deposit
to move into your current home, and you will most likely pay a
deposit to move into your new home. Before you move, do whatever
you can to get your deposit back and apply it to your new home.
Some restrictions may apply. All borrowers are subject to credit approval. Programs subject to change without notice. Underwriting terms and conditions apply.
Est. 1987
Equal Housing Lender
Member FDIC
Page 9
What Are the Hidden Costs
of Moving?
cont’d
How Can I Save Money on My Move?
There are several ways to save money while moving. You just need
to know where to look—and who to ask.
•
•
•
Talk with your mortgage lender about building the cost of
moving into your new mortgage.
Meet with your tax advisor to see what deductions would help
pay for your move.
Most moving companies offer student, military and other
discounts.
Whether you’re moving across the street, across town or
across the country, Flagstar Bank is here to help with all your
financing needs. We wish you the best of luck on your move!
Some restrictions may apply. All borrowers are subject to credit approval. Programs subject to change without notice. Underwriting terms and conditions apply.
Est. 1987
Equal Housing Lender
Member FDIC
Page 10