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The down payment is the difference between your loan amount and sales price.  Closing costs are additional.  The down payment and closing costs make up your cash to close. Down payment funds can come from a variety of sources, like: You can use liquid assets like a checking, money market or savings account You can…

While there are many clear advantages of purchasing real estate, rather than renting, you should also consider the advantages and disadvatages of both before you make the important choice between the two.   Why buy? To build equity – Each month that you make a mortgage payment, you’ll build equity through paying down your loan balance. …

An investment property is a purchase for which the planned use of the property is usually for rental income. We are happy to lend on residential investment properties. On account of the greater risk associated with investment loans, these loans come with higher rates, higher down payment requirements, and slightly more restrictive guidelines. Here, below,…

Your property taxes will adjust whenever your jurisdiction changes the assessment of your home.  They may also change if tax credits are added or removed, for instance credits for occupying the property as your principal residence.  Counties or cities will re-evaluate their tax rates, also, on an annual basis. Learn more https://alexjaffe.com/property-taxes   Your homeowner’s…

It’s always a pleasure to help you understand the benefit, cost, and process of refinancing. Here is the key information that’ll help me provide guidance to you, and you can email me this info E-mail me. If you don’t have all the answers to the below, that’s OK!: Your property address Your original loan amount…