What is your Assessed Home Value?Written by Syd Johnson
The numerical value The value of your property as determined by your county tax assessor. This is numerical value of your home that is used to determine amount that you owe in property taxes. Individual tax assessors have a great amount of discretion when they try to determine value of your property. Some of most important factors they will consider are recent improvements to your home, value of other homes in your neighborhood and of course recent increases in property tax rates.check and compare to other rates in your area The only way to get an accurate picture of what your home is worth and how much you should pay is to do some investigation on your own. Check with County Tax Assessor’s office to see what is happening with rates on properties in your area. If you don't agree with dollar amount, contact county tax office for a review or to file a complaint If you feel that they have been overzealous in inflating value of your property, there should be many avenues for a review. These avenues include a second evaluation, a professional appraisal of property and possibly a judicial revue if you absolutely cannot agree with county administrators.
| | How to get the best mortgage rates in any economyWritten by Syd Johnson
Mortgage rates are intricately tied to health of overall economy as well as consumer demand for home loans. Two of most important factors are activities of Federal Reserve Board and Fannie Mae. The Federal Reserve board sets interest rates for overall economy and this in turn affects type of mortgage rates that are offered to consumers. Fannie Mae buys your loan on secondary market and this frees up cash from mortgage lenders so they can offer additional loans to more people. This also has a major impact on type of mortgage rates that are offered to consumers. Clean credit is best On an individual basis, nothing trumps good, clean credit. If you have excellent credit, or even good credit, you will find that mortgage rates that are being offered to you will always be at market rate or below market rate. The mortgage rate is what you pay for borrowing money. If a bank or credit union thinks that your financial history shows that you might have some trouble paying back loan, then rate will be very high. A solid payment history and a clean credit report is best way to show them that you can handle this type of responsibility.
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