by Irene Moustakas | Dec 3, 2012 | Tips
We are coming up on the “late” date for the 1st installment of property taxes. The fiscal year runs from July 1 to June 30. The 1st installment of taxes is due on November 1st, late December 10th; the 2nd installment of taxes is due February 1st; late April 10th....
by Irene Moustakas | Feb 22, 2012 | 1st Time Homebuyers, Featured, Tips
If you are purchasing a home and the appraised value comes in lower than the sales price, this can be a deal-killer for many buyers. Lenders calculate the loan amount based on the lesser of the purchase price or the appraised value. If you’re at the Loan-to-Value...
by Irene Moustakas | Oct 13, 2011 | Featured, Tips
As many of your homeowners know, the 1st installment of property taxes is due to the county on November 1st; considered late after December 10th. You should all have your property tax bills by now. I will send out another reminder via my blog when they are due, and...
by Irene Moustakas | Jun 2, 2011 | Featured, Tips
Lenders underwrite income on salaried borrowers versus self-employed borrowers differently. If you are salaried, the lender will use your current gross base income as your qualifying income. They do want to see a 2-year history of employment without any gaps, and...
by Irene Moustakas | Dec 10, 2010 | Tips
Today, 12/10, is the last day to pay your 1st installment of property taxes without being assessed a late fee. If your payment is postmarked after today, the county will assess a 10% penalty, so it isn’t cheap! Being late on property taxes is NOT reported to...
by Irene Moustakas | Jul 22, 2010 | Tips
Most people do not comment on the reality of a 30 Year Fixed mortgage. But every once in a while, someone will really think about it, or their eyes may widen when they see on their Promissory Note, “Last payment due August 1, 2040.” And think about it: where you will...