Reminder: Your Settlement Statement (HUD-1) and Filing Your Taxes
With tax season right around the corner, I’m sure you’re all starting to collect your pertinent documentation. Remember that if you closed a home purchase or refinance in 2009, you will want to provide your accountant a copy of your Settlement Statement...Why You See Advertisements for ARMs where the APR is less than the Note Rate
I walked into my bank the other day and saw this advertisement: “5/1 ARM: 3.875%, APR 3.675%!!!” (The exclamation marks were the bank’s, not mine). This has always been one of my pet peeves because it seems so misleading, although technically,...Financing Contingency Periods in this Market
With the new Home Valuation Code of Conduct (HVCC) law, I have no control over whom to order your appraisal from. Without this control comes the lack of a relationship with the appraiser to ask them to appraise your home in a timely manner. Your Realtor should know...Interest Rates are at Near-Bottom Levels
I saw some unbelievable interest rates this week and they’re still going strong. My experience is that they don’t last long, so if you can, I definitely recommend taking advantage. And remember, if you can’t refinance traditionally because you have...Be Prepared to Pay Your Property Taxes in Escrow
This is the time of year when the 1st installment of property taxes are due. Their due date is November 1st and their “late” date December 10th. If you’re like me, you want to hang on to your money as long as possible, so a lot of people wait until...Loan Calculator
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