Remove Government Remove Loan Officers Remove Property Taxes
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Mortgage rates are plummeting, but will sales grow?

Housing Wire

As of Wednesday, many loan officers were quoting in the low 6% range for conventional conforming mortgages, and in the mid-to-high 5% range for government loan products. Property taxes are also a significant factor for affordability for a home.

Mortgage 468
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Must-Have Information Required for a Successful Appraisal

Birmingham Appraisal

Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. Always confirm that the survey reflects the propertys current configuration. Estate Planning: Provide accurate valuations for inherited properties.

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A property tax reckoning is coming

Housing Wire

In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. The culprit is property tax bills, which arrived on April 1, bearing property tax increases driven by fast-rising home prices.

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Choosing the Right Lender

PennyMac

Prepare for Meeting with a Loan Officer Once you find a prospective lender, you’ll meet with a loan officer or expert in person, through email or over the phone to discuss your mortgage options. This meeting will provide a foundation for your loan officer to match you with a home loan that meets your needs.

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Understanding Mortgage Payments

Assurance Financial

Taxes Some mortgage payments also include real estate taxes, also known as property taxes. Local governments assess property taxes to fund public services like schools, fire and police departments and the public works departments that maintain municipal infrastructure.

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Mortgage Term Glossary

Assurance Financial

The assessed value of your home is how much it is worth in the eyes of the tax agency in your municipality. The assessed value is used to calculate your property taxes. Balloon Loan. A balloon loan doesn’t fully amortize over the term of the mortgage. The federal government issues the certificate.

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What’s Included in Closing Costs?

PennyMac

An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Some lenders require you set aside a few months of property tax and mortgage payments in an escrow account as part of your closing costs. Property Tax. Transfer Tax.