October 2019 was the first time that nearly half of loan originations were refinance. According to an article on MortgageNewsDaily.com, continuing lower interest rates are driving the refinance market.
For those who have considered buying a home, but have not yet pulled the trigger, this may be the year to make that move. After multiple years of a seller’s market, many sources reflect a shift to a buyer’s market.
Yes you read that correctly! Lenders are now allowed to Gift Money Back to you at time of loan closing.*
When you consider the loan programs that offer a low 3% down payment, combined with the money Mortgage Lenders can Gift you back toward closing costs, the decision to buy a new home now is very enticing!
A recent article in the Los Angeles Times (LATimes.com) reported that California had 77 of the 100 priciest ZIP Codes in the United States for 2017, including 5 of the top 10. New York came in second with 19 Zip Codes. A very interesting point to note is that no other states had more than 2.
The Joy of Home Ownership is certainly one of life’s great highlights, but the joy becomes mixed with questions and concerns when the property tax bill arrives in the mailbox. Homeowner’s understand property taxes provide needed funding for schools, libraries, police & fire departments, road improvements & other infrastructure.
However, what many homeowners do not understand are the factors that may cause their property taxes to increase. If your property tax bill reflects an increase over last year, here are the most common reasons that may be the cause: