Yeah I think some people when buying don’t factor those things in. Your mortgage isn’t exactly fixed which is why a low rate is important. People going to be stretching their money to live in a house at 7% then their value goes up and they paying an extra $100 etc a month and it adds up. Shits foul, not to mention we had to replace the fence around the entire back yard and it costs almost 10 grand. All the maintenance . Also pipes are next. Oakland houses are old.
www.nbcsandiego.com
www.nbcnews.com
rocketmortgage.ca
dominionlending.ca
I have it with Chase . There’s an escrow fund added when you pay your mortgage that estimates what your annual taxes will be. If you over pay you get money back. It makes shit mad easy since it’s all handled with Chase . Homeowners insurance is also paid out of it . I like it and don’t understand why so many hate it
Yeah I wouldn’t want to do that. Chase pays it for me . I don’t have to see any of that shit. Only when the county sends me my tax bill to show what’s owed . By the time I get that it’s already been paid. Home insurance too. Shits awesome, I was automatically enrolled in it. I guess I can opt out but why would i
How? All that does is hold money aside for taxes and insurance in a fund , like a savings. That doesn’t stop you from adding extra to your principal if you want . It saves you the trouble of having to set aside money and pay yourself
Banks still control when they apply your payment. Your payment first goes to your escrow until the estimated taxes and insurance costs are covered. Daily interest is still accruing.
Twice a yr
Ok I can see that.
qz.com
I suppose all banks/servicers are different, but I can control all that from my account settings.
www.forbes.com
metro.co.uk
Bootysource.com.Sexy Realtor Skyla Sun Impresses a Client! - Ebony Booty and Latina Ass - BOOTY SOURCE
Sexy realtor Skyla Sun sure makes an impression on a client as she shows him around the house! Especially when she keeps teasing her nice tits and perfect asswww.bootysource.com
You can do a recast and change the whole amortization of your loan payments. Principle payment has to be 5k or more.
I wasn't familiar with that, but it looks like a recast will lower the monthly payment while keeping the same length, vs keeping the same payment and shortening the loan.
It starts the loan over which is why the payments drop “reamortize” yes you have to request it, they aren’t going to deny it, they want your money. It is not a wash, you save on the interest and you can keep making the same payment if you want or save the difference to make another recast payment down the
Yeah I’m not sure what he meant by daily interest. The interest rate doesn’t change as it’s fixed and my bank , Chase, doesn’t penalize you for paying back the loan faster or paying more to the principal. If you want a recast you just pay a one time $200 fee or something .
