Monthly Archives: May 2012

Who needs to pay Property taxes and homeowner’s insurance?

This is a good question:  Did you or your bank plan to escrow (i.e., set aside) money for annual property taxes and homeowners insurance? 3-2-2015: Here’s an interesting story why you must pay attention you are responsible to pay your … Continue reading

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FHA’s Energy Efficient Mortgage (EEM)

8-5-2014: An EEM may allow borrowers to borrow slightly more than their debt-to-income ratio might otherwise allow if the difference is used toward buying a better, more energy-efficient home. The allowance uses estimated savings in a formula that increases the … Continue reading

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Challenge your property values used to calculate property taxes

With recent falling home prices, you should investigate and see if your property value used by your local government for tax purposes should be lower. Many Georgia residents should be receiving notices from your local government tax assessor office regarding the … Continue reading

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Why do banks sell your mortgage loan?

Quick answer:  To make money on the sale of the loan and relend the proceeds to make another loan and repeat the cycle….over, and over, and over….again! Note:  (See The Golden Rule – Those with the Gold make the Rules!) Source:  http://www.creditinfocenter.com/mortgage/sellloans.shtml … Continue reading

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