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Are Property Taxes Paid in Arrears?
If you own a home, you know that property taxes are one of the most consistent bills you have to pay. However, have you ever questioned, “Are property taxes paid in arrears?” That means you’re paying the taxes after living in the house for a year. It may sound a bit puzzling at first, but it’s actually pretty simple. Get A Free Mortgage Quote In this article, we’ll clarify what it means to pay property taxes this way, why most places do it like this, and what it means for both homeowners a
The Importance of a Sewer Scope Before Home Buying
When we are shopping for a home, most of us consider the size of the kitchen, the condition of the backyard, and the type of neighborhood. One often overlooked factor is that the main sewer line that serves the home is in good shape. Therefore, that’s why sewer inspection is important. Get A Free Mortgage Quote While not as exciting, a sewer inspection can stop you from facing costly repairs afterward. This article discusses a sewer inspection, its worth, the fee, and what may happen if on
What is a Mortgage Subordination Clause?
The term “subordination clause” comes to mind when you buy a home or take out a loan. This can look puzzling, but it's just a law that helps decide which debt is paid off first if you are unable to make payments or sell your home. Get A Free Mortgage Quote What a subordination clause is, why it matters, and what it means to you will all be explained in simple terms in this article. What is a Subordination Clause? A subordination clause is a part of a loan agreement that shows the orde
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How Much Does a Mini Split Cost? Installation and Operation Costs
Many homeowners consider mini-splits for their home heating and cooling system improvements. The combination of low energy consumption, together with adaptable design and slim form factor, makes these systems popular. Customers often begin their research about mini split systems by wanting to know the associated costs. Cost analysis of mini split installation with operational expenses plays a vital role when determining which system to buy for room-by-room or whole-home cooling scenarios. Get
How Many Watts Does a Light Bulb Use? LED vs Incandescent
When browsing the lightbulb section of a hardware store, you get stuck assessing two product boxes to understand their differences. The price difference signifies only one factor among other hidden energy implications. Most people experience confusion because of the technical information on wattage, as well as lumen output and energy efficiency labels. Get A Free Solar Quote Let’s break it down. The selection of home lighting starts with comprehending appropriate wattage specifications f
What Is a Mortgage Maturity Date and Why It Matters?
If you have a mortgage, there is a specified time frame for paying it off. The maturity date is the end of a given period. It is the day when your loan is scheduled to be paid in full. But what happens if loan is not paid by maturity date? That's where problems could come up. Get A Free Mortgage Quote This article will examine mortgage maturity dates in detail, including their meanings, effects, and implications on the failure to repay loans on or before the due date. What Does Mortgage
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