Housing Wire

APRIL 25, 2022

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.

Property Taxes 435

Property Taxes Appraisal Government Valuation 435

Assurance Financial

APRIL 29, 2021

Assessed Value. 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. It can be less than the market or appraised value of your home. Balloon Loan. Fair Market Value.

Mortgage 69

Mortgage Insurance Inspection Sellers 69

AmeriMac

JANUARY 30, 2024

The reverse mortgage appraisal report stands as a pivotal element in the loan application, influencing the terms and approval, making it an indispensable part of the entire process. When applying for a reverse mortgage, it is important to work closely with your loan officer. How does an appraisal affect the reverse mortgage?

Appraisal Process 36

Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

PennyMac

JUNE 28, 2022

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. Rate Lock Fee.

Property Taxes 36

Property Taxes Insurance Sellers Inspection 36

PennyMac

AUGUST 31, 2024

It protects both the buyer and lender's investment by independently assessing the property's value. The appraiser — a neutral third party — uses comparable property sales and key features of the house to determine its market value. And don’t be afraid to ask questions or request clarification.

Inspection 36

Inspection Real Estate Agent Sellers Legal 36