by zanelaw | Mar 18, 2019 | Financing:, Mortgages:, New Homes
There is growing evidence that high real estate tax homeowners are increasingly considering moving to Florida due to income tax law change which limited the deductibility of real estate taxes. This may soon present a marketing opportunity for real estate...
by TitleTap | Aug 31, 2018 | Mortgages:
Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current market. The example this video shows – you have a house worth $300,000 today and you owe the bank...
by TitleTap | Aug 31, 2018 | Mortgages:
The Prime Lending Rate – sometimes just called “Prime” - is the interest rate that banks charge each other for overnight loans. Some consumer rates – like ARMs – are set in relation to Prime. In the US, Prime is affected by...
by TitleTap | Aug 31, 2018 | Mortgages:
Discount points allow you to lower your interest rate. While this video simplifies things to help you remember, “points” are essentially prepaid interest with each point equaling 1% of the total loan amount. Generally, for each point paid on a...
by TitleTap | Aug 31, 2018 | Mortgages:
The original phrase “mort gage” translates as “death pledge”! But as this video explains, a mortgage is a loan obtained to purchase real estate. The “mortgage” itself is a lien – a legal claim on the home or property...
by TitleTap | Aug 31, 2018 | Mortgages:
Well, as this story shows, the amount of the down payment the size of the mortgage loan, the interest rate the length of the repayment term and payment schedule will all affect the size of your mortgage payment. In bullets: down payment loan size interest rate...
