Did you know that in some states, real estate taxes are paid in “arrears,” and in others, they are paid “in advance”?  When real estate taxes are paid in “arrears,” this results in a significant tax credit from the seller when you purchase a home!  If your State collects real estate taxes “in advance,” this means you owe the seller real estate tax at closing. The difference can mean either less money needed for closing or a lot more!  If you’re not sure how your area’s real estate taxes are paid, let’s talk!  I’m happy to show you how this one little item may affect your purchasing power!
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Did you know that in some states, real estate taxes are paid in “arrears,” and in others, they are paid “in advance”?  When real estate taxes are paid in “arrears,” this results in a significant tax credit from the seller when you purchase a home!  If your State collects real estate taxes “in advance,” this means you owe the seller real estate tax at closing. The difference can mean either less money needed for closing or a lot more!  If you’re not sure how your area’s real estate taxes are paid, let’s talk!  I’m happy to show you how this one little item may affect your purchasing power!

ByBrandon Butler

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With interest rates starting to normalize, many of you are considering refinancing your home or even buying another home.  If you recently changed employment, let’s talk!  Some people are surprised to find that even the smallest of changes can affect your ability to get home financing! I’ll review your situation and let you know if there may be any potential issues.
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With interest rates starting to normalize, many of you are considering refinancing your home or even buying another home.  If you recently changed employment, let’s talk!  Some people are surprised to find that even the smallest of changes can affect your ability to get home financing! I’ll review your situation and let you know if there may be any potential issues.

ByBrandon Butler

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Are You Owed a Credit When Refinancing or Selling? If you purchased a home when rates were higher and you are now thinking about refinancing or selling, you may have participated in a rate buydown program where the seller gave you funds to lower your payment for years 1, 2, or 3.  This is called a Temporary Buydown, as it temporarily reduces your payment. Many clients ask me what happens to these funds if they have not been used. In most cases, the outstanding balance in your buydown escrow will be applied to your principal balance.  If you are considering refinancing or selling, let’s talk first!
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Are You Owed a Credit When Refinancing or Selling? If you purchased a home when rates were higher and you are now thinking about refinancing or selling, you may have participated in a rate buydown program where the seller gave you funds to lower your payment for years 1, 2, or 3.  This is called a Temporary Buydown, as it temporarily reduces your payment. Many clients ask me what happens to these funds if they have not been used. In most cases, the outstanding balance in your buydown escrow will be applied to your principal balance.  If you are considering refinancing or selling, let’s talk first!

ByBrandon Butler

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.