Savings Corner

DECEMBER 25, 2023

The mortgage payment calculator can give you a reality check on how much you can expect to pay each month, especially when considering all the costs, including taxes, insurance and private mortgage insurance. Property taxes: The annual tax assessed by a government authority on your home and land.

Calculators 52

Calculators Taxes Property Taxes Homeowner Insurance 52

Savings Corner

DECEMBER 27, 2023

“Amortization” is a word for the way debt is repaid in a mortgage, where each monthly payment is the same (excluding taxes and insurance). “Monthly payment” shows the estimated monthly payment, including principal and interest, property taxes and homeowners insurance.

Calculators 52

Calculators Homeowner Insurance Debt Property Taxes 52

Family Balance Sheet

OCTOBER 10, 2014

Do you go into panic mode when your car insurance bill arrives? Does your property tax bill give you anxiety? Our homeowners insurance and property taxes are not tied in with our mortgage so we receive those bills and are responsible for paying them instead of the bank that owns the mortgage.

Finance 100

Finance Property Taxes Organic Organization 100

Family Balance Sheet

MARCH 11, 2021

I’m going to be spending the next few weeks giving my family’s finances a good spring cleaning. Tasks might be as simple as ‘reconciling’ or more complex like ‘paying the office payroll taxes’ and at that time, I definitely added ‘Pay Rent’ to that first list. Bills to review this spring: homeowners insurance.

Finance 130

Finance Cleaning Goals Insurance 130

Savings Corner

DECEMBER 25, 2023

Each payment includes a combination of principal and interest, as well as property taxes, and, if needed, mortgage insurance. Homeowners insurance may be included, or the homeowner may pay the insurer directly.) Lenders will have a base rate that takes the big stuff into account and gives them some profit.

Re-use 52

Re-use Economy Homeowner Insurance Insurance 52

Savings Corner

APRIL 4, 2024

While you can’t cash out all of your home’s equity, the process gives you access to a larger sum of money without needing to sell your home. You can take advantage of tax deductions: If you use the funds for home improvements, you could take advantage of the interest deduction. This can be a boon for your credit score.

Refinancing 52

Refinancing Work Debt Home Improvement 52

Savings Corner

APRIL 4, 2024

Loan estimates are great tools for comparison shopping to give you the clearest picture of which lender will help you meet your refinance goals. Shopping around for a lender who not only offers a competitive interest rate but also the lowest fees is worth your time and effort. Where do I find more information on mortgage refinancing?

Calculators 40

Calculators Refinancing Insurance Homeowner Insurance 40