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Is time the enemy of equity for chronically distressed homeowners?

Housing Wire

That’s because the unpaid loan balance continues to grow for delinquent mortgages due to unpaid interest, property taxes and insurance. While the average value of the 80,000 properties analyzed increased 3% between the first and last scheduled foreclosure auction date, the average unpaid loan balance increased by 6 percent. “One

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Managing Your Client’s Expectations to Avoid Home Buyer’s Remorse

McKissock

When calculating home costs, buyers need to look beyond the mortgage and consider the property taxes, insurance costs, maintenance, and costs of upkeep. . Let them know information about the typical age of the house and the type of work they might expect, the area’s property taxes, and information about housing insurance.

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How Much of My Income Should Go Towards a Mortgage Payment?

Assurance Financial

Property taxes. You pay your property taxes to local governments to fund things like schools, firehouses, police departments and other public works. They are based on your property’s value and local tax rates. This allows you to pay your taxes over time rather than paying a large sum all at once.

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Mortgage Term Glossary

Assurance Financial

The first number refers to the length of the introductory period, while the second is how often the rate can adjust. 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. Homeowners Insurance.

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A complete guide to closing on your first home

Movoto

A home closing—also known as the settlement—refers to the date when a property’s title and deed are transferred to the buyer, officially making them the new owner. Title company representative: The title company insures the title status during closing. Understanding the basics of home closing. Learn more about closing costs.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Refinancing refers to when a homeowner replaces the current loan package with a new one. Your gross income is the income before taxes. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. They just oversee the process.

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What to Do If You Inherit A Home

McKissock

Specifically referring to things like the time and cost to maintain the property, as well as any taxes and levies that might come with it. Of course, the type, location and value of the property can contribute to the previously-spoken of headache. Tax liabilities: This can include federal estate taxes and property taxes.