Fixed Rate Mortgage. A mortgage where the interest rate remains the same through the term of the loan and fully amortizes is known as a fixed rate mortgage. Since the interest rate remains constant, monthly payments donât change. Fixed rate mortgages come with terms of 15 or 30 years.
1 For 1-4 inches of water, the estimated cost is $7,800. For 9-12 inches, the estimate is $18,930. At 18 inches, the estimated cost is $26,285..  Water damage might be covered by insurance. Flood insurance typically covers damage from a natural disaster, when outside water or mud overflows an otherwise dry house.
Fortunately, this can be remedied with a patch job, plus the addition of a door stopper to prevent the problem from happening again in the future. The cost of hiring a contractor to repair damage to drywall ranges between $125 and $1,200, depending on the extent of the damage. Based on over 10,000 customer responses, the average spend was $494. In general, as long as the hole can be covered with what handymen refer to as a patch, the repair will be a flat rate.