January 2018

Found 2 blog entries for January 2018.

Just wanted to send a reminder that Homestead Exemptions are Due by April 30th.

Homestead exemptions remove part of your home's value from taxation. If you want to receive a homestead exemption for the taxes on your home, the home must first qualify as a residence homestead on January 1 of the year in which you are applying.

There are two requirements:

  1. You must own your home on January 1. (If you are over 65,and/or disabled the January 1 ownership and residency are not required.)

  2. You must use the home as your principal residence on January 1.

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As you search for a new home, it's always a good idea to factor in the closing costs so you can properly plan and manage your finances. In general, you can expect to pay 2-5% of the purchase price in closing costs, not including the down payment.

Closing costs can include the following:

  • Down Payments
    0-20% of the purchase price depending on your qualifications and loan choice
  • Earnest Money Deposit 
    The money put down when a contract is written - it usually goes into an escrow account
  • Lender Fees 
    Includes charges for loan processing, underwriting and preparation
  • Third-party Fees 
    Includes charges for insurance, title insurance, title search, appraisal fees and other inspections
  • Government Fees 
    Includes deed recording and state mortgage
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