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Month: August 2023

How Your Property Taxes Affect Your Escrow Account and Mortgage Payment

Depending on a property’s assessed value and local tax rates, the amount each homeowner pays annually in property taxes can vary. Determining Your Property Taxes An assessor or hired contractor will periodically review your property to determine its tax value. Known as a reassessment, this revaluation determines the market value of your property …

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Student Loan Update, How Does Student Debt Affect Qualifying for a Mortgage?

The interest and payment pause for student loan borrowers is coming to an end. Everything You Need to Know About Upcoming Student Loan Interest and Payments According to the US Department of Education: Repayment will resume in October. Student loan interest will begin to accrue on September 1, 2023. Borrowers should receive their …

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An Increased Number of Homeowners Are Looking to Sell, Zillow Survey Finds

A tipping point could be on the horizon for the mortgage industry. A recent Zillow survey and some optimistic rate forecasts indicate that the market may be heating up again soon. 25% of Homeowners Are Considering Selling Their Home When looking into the not-so-distant future, there is reason to be optimistic about home …

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