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Taxes On A Mortgage

Taxes On A Mortgage

Getting a mortgage has a significant effect on your finances and your life. For this reason, it is important to understand how a mortgage works before you sign on the dotted line. For example, you may wonder if you must pay taxes on a mortgage, if it will affect your...
Bi-weekly Mortgage | Pros and Cons

Bi-weekly Mortgage | Pros and Cons

Many lenders allow borrowers to elect to make their mortgage payments on a bi-weekly basis, as opposed to once each month. This bi-weekly mortgage payment option offers both advantages and disadvantages. Pros of Bi-Weekly Payments Some of the advantages of a bi-weekly...
Mortgage On House

Mortgage On House

When you have a mortgage on house, several different factors can affect your mortgage payment. One of these factors is the amount of property taxes currently assessed on the home. In general, the higher these taxes are, the higher your monthly payment will be. Why Do...
Mortgage Payoff | Benefits

Mortgage Payoff | Benefits

When you refinance your home, you take out a new mortgage to replace the old one. Your new lender sends the funds required for your mortgage payoff to the previous lender, and the remainder of the balance is applied to the new mortgage as a down payment. If you are...