Many factors affect home value, including the economy and neighborhood factors. Professional appraisals can help you estimate the value of your home, and mortgage lenders often require you to hire an appraiser when you apply for a mortgage. We found 50 results for your search.

A customer with an assessed home value of $200,000 may be assessed to pay 2% in tax of their homes value, $4,000.00. However, with an approved 100% tax exemption, you pay nothing and we do not collect funds in your escrow account to pay taxes.

What is an escrow account? An escrow account is where funds are held to pay property tax and insurance bills on your behalf. If your loan is escrowed, a part of your mortgage payment goes into your escrow account every month. When will you analyze my escrow account?

As a buyer, you only pay for the portion of the tax period that you own the home. So, if your new loan starts December 1st, you’ll typically only owe for only that month and the previous owner will pay 11 months’ worth of taxes at closing.

Property tax and insurance rates change, so sometimes we need to adjust your monthly escrow amount to ensure it can cover these payments. This is one of the most common reasons why a homeowner’s payment may change.

Loan - to - value (LTV) The loan-to-value ratio calculates how much of a property you own (equity) compared to how much you owe still on the loan. As you continue to pay off your loan, your LTV ratio decreases as your equity, or ownership, grows.

If you purchased a new construction home, you may find that your first couple of property tax bills are lower than what was estimated at closing, depending on your taxing authority’s billing schedule.

If your property is in California and the assessor finds a value increase —due to a recent appraisal, improvements, or new construction—you may receive supplemental tax bills on the increased property value.

It can be tempting to cut back on home maintenance to save money in an uncertain economy. But little problems can turn into big repairs that can hurt your home’s value or make it difficult to sell (most lenders have minimum requirements properties need to meet).

Many times, escrow accounts are a required part of a loan agreement or loan modification and stated in the loan documentation. When required, an escrow account will be set up at the loan closing, upon application of loan modification terms to the account, or shortly after.