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Black Knight rolls out tool to minimize fee cure expenses

Housing Wire

The Ernst Fee Service is used by lenders to minimize fee cures by providing recording fees, transfer taxes, property tax, title, settlement, inspection data, and lender and appraisal fees. .

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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. Neighborhood Details: Recent developments, such as a new school or shopping center, that may affect the propertys appeal and marketability. Share this information proactively.

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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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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. Home Inspection. Assessed Value. Walk-Through.

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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Property taxes. I also can’t emphasize enough that if you are buying the right properties, the goal is to use the appreciation to purchase other properties. If you do decide to finance, make sure you loan and invest with credible and trustworthy partners. Taxes and Real Estate Investment. Maintenance costs.

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What’s Included in Closing Costs?

PennyMac

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Lead-Based Paint Inspection. Pest Inspection.

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The Pros and Cons of Buying a House

PennyMac

Mortgage interest and property taxes may be tax deductible. Property taxes and HOA fees are the buyer’s responsibility. May be required to allow landlord access to home for inspections. You Pay Property Taxes. Requires upfront costs for down payment, closing fees, etc. in your area.