Tag Archives: Home Taxes and Financing

Adjustable Rate Mortgages (ARMs) Explained

Adjustable Rate Mortgages (ARMs) With an adjustable rate mortgage, the interest rate and monthly payments varies according to a specific benchmark. The initial interest rate is usually fixed for a period of time after which it is reset periodically. The interest rate paid by the borrower will be based on the benchmark plus an additional spread, called an ARM […]

Understanding Property Tax Assessments

 You might not think too hard about your real estate assessment, the dollar value the local government puts on your property value (house and land). You should as the assessment is the determining factor in how much you pay on property taxes. If you have a mortgage, your home lender is probably paying your property taxes out of an […]