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What is an HOA and is your HOA fee tax deductible?

Movoto

Owning a home comes with some great tax breaks. But is your HOA fee tax deductible? Learn more about HOAs and when you can get a tax break on your HOA fees. You know the old saying: Nothing is certain but death and taxes. So, what is an HOA, and when can you deduct your HOA fees from your taxes ?

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The Appraiser’s Guide to Evaluating Home Value Before You Buy

Birmingham Appraisal

These features can significantly enhance the desirability and therefore the value of a property. Additionally, it’s wise to look into future development plans in the area as they could either boost or detract from your home’s value in the long run.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Read on for more information about how a home appraiser determines the value of your property. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Reviewing / appealing property tax assessment. Estate settlements.

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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. Homeowners Insurance.

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Say What? Home-Buying Lingo You Should Know

Zillow

Equity : A percentage of the home's value owned by the homeowner. Escrow account : An account required by a lender and funded by a buyer's mortgage payment to pay the buyer's homeowners insurance and property taxes. Loan-to-value ratio (LTV) : The amount of the loan divided by the price of the house.

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Important Mortgage Acronyms

Assurance Financial

Department of Housing and Urban Development (HUD). FICO stands for Fair Isaac Corporation, an analytics company that developed the formula used to calculate FICO scores. FMV (Fair Market Value). A home’s fair market value or FMV is the price it would sell for under normal conditions. government.