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Property taxes have been rising. Here’s what it means for housing

Housing Wire

In many communities, homeowners and homebuyers have been hit with eye-popping property tax increases. It is costing more for schools and governments to pay for services. And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments.

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How to Appeal Your Property Taxes in King County

Will Springer Realtor

The state requires that county assessors inspect every property at least every six years to maintain accurate information about the parcel and structures. Local governments are limited to a 1% annual increase in property tax revenue regardless of changes in property values – but there is a catch.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? The process of buying a new home may sound intimidating. With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee.

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Foreclosures are rising, but it’s not yet alarming

Housing Wire

For one, the mortgage servicing industry adopted some COVID-era, rescue-type packages where a house does not go into immediate foreclosure. With home values across the U.S. rising dramatically in the past few years, some owners cannot afford the proportional increase in tax bills. With home values across the U.S.

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Say What? Home-Buying Lingo You Should Know

Zillow

This document spells out all the terms of the loan: the amount, the interest rate, the monthly payment, mortgage insurance, the monthly escrow amount and all closing costs. Closing escrow : The final and official transfer of property from seller to buyer and delivery of appropriate paperwork to each party.

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What’s Included in Closing Costs?

PennyMac

When you’re ready to close on your new home, you’ll find there’s one more round of payments to make: closing costs. Getting a mortgage isn’t free, and closing on a house isn’t free. There are costs through this last phase of the process of buying your home. FHA Mortgage Insurance Premium. Lead-Based Paint Inspection.

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When is the Right Time for a Reverse Mortgage

Eppraisal

If you are a homeowner who is age 62 or older, you may qualify for a reverse mortgage. This unique home loan might be financially beneficial to you if you have owned your home for some time, have accumulated a large amount equity and need cash for bills and expenses in retirement. What is a Reverse Mortgage?