Your Property Tax Basis – Paying Supplemental Taxes or Asking for a Refund
In California, your property taxes are based on 1.25% of the purchase price at which you bought your home. For example, if you buy a $500,000 home, your annual taxes will be $6250, or $520.83 monthly. They can and will increase based on certain limits instituted by...More Big Changes to FHA Loan Premiums
It was only a few months ago that HUD increased FHA’s Upfront Mortgage Insurance Premium (UFMIP) from 1.75% to 2.25%. HUD will now decrease the UFMIP down to 1.0%, but will increase the monthly mortgage insurance amount from .55% to .90%. Let’s see how this truly pans...Happy 4th of July!
Have a happy and safe 4th of July! The markets will be closed on Monday, July 5th, as will Granite Financial. Celebrate well and safely. Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on...Happy Thanksgiving!
Have a special Thanksgiving holiday with your friends and families! The bond market is closed today and tomorrow it will close early. Most lenders will be closed until Monday, so interest rates will not be issued until then. I appreciate your loyalty and readership...Purchasing a Home with a “Bonus Room”
I’m seeing some listings that tout a “bonus room,” suggesting that you get an extra room included in the purchase price. What you need to know is that this is another way of saying that the addition (or conversion) was unpermitted, meaning that the...Loan Calculator
Try for free!
Free eBook
