How Does Your Real Estate Tax Bill Compare To Other Parts Of The Country?

Mortgage rates may be a function of free markets, but real estate taxes are a function of government. And, depending on where you live, your annual real estate tax bill could be high, low, or practically non-existent. Compiling data from the 2009 American Community Survey, the Tax Foundation, a … [Read more...]

What Does It Mean To Escrow Taxes And Insurance?

The fiscal responsibility of a homeowner extends beyond the mortgage’s basic principal and interest repayments. Homeowners are also responsible for the real estate taxes on the home and its insurance premiums, too. Failure to pay taxes can lead to foreclosure, and failure to insure is breach of … [Read more...]