Great content Mark,just look into your channel,educating myself before get into this terrifying process of buying a real state property,appreciate the time.By the way we live in Fl planning to buy in the Orlando area,currently living in Miami.
Thank you! I am licensed to lend in FL, so I’d be happy to give you a no cost consultation regarding your options anytime. Call or text me at 314-599-0511.
This would only happen in a case where one of the underlying bills has gone down. For example, if your home insurance went from $2400 per year to $1600, the lender would end up discovering they are holding too much in escrow once they do the yearly analysis.
You can, but I would only do this if you actually owe funds to the county soon. Otherwise, take it and put it into something that will pay you some interest until it is time to pay the taxes next time.
I have been loving your videos. is there any way you can go over down payment assistance programs that work with the different types if loans (FHA specifically)
Thanks a lot Jake, it totally makes my day to see your kind comment. I have been meaning to do a video on this subject for a long time. I've got a couple in the hopper I'm working on now, but this will be the next one I start. It does end up being a challenging subject to cover given the fact that there are so many programs across the country, but I think I can simplify it enough to point folks in the right direction.
Great content Mark,just look into your channel,educating myself before get into this terrifying process of buying a real state property,appreciate the time.By the way we live in Fl planning to buy in the Orlando area,currently living in Miami.
Thank you! I am licensed to lend in FL, so I’d be happy to give you a no cost consultation regarding your options anytime. Call or text me at 314-599-0511.
Why do they send you a "surplus" check if you just have to turn around the next year and pay it again??
This would only happen in a case where one of the underlying bills has gone down. For example, if your home insurance went from $2400 per year to $1600, the lender would end up discovering they are holding too much in escrow once they do the yearly analysis.
When you receive an Escrow refund, Can you send the refund to county for the next year?
You can, but I would only do this if you actually owe funds to the county soon. Otherwise, take it and put it into something that will pay you some interest until it is time to pay the taxes next time.
Thank you!
No problem! Thanks for watching and for your question.
I have been loving your videos. is there any way you can go over down payment assistance programs that work with the different types if loans (FHA specifically)
Thanks a lot Jake, it totally makes my day to see your kind comment. I have been meaning to do a video on this subject for a long time. I've got a couple in the hopper I'm working on now, but this will be the next one I start. It does end up being a challenging subject to cover given the fact that there are so many programs across the country, but I think I can simplify it enough to point folks in the right direction.
Not so sure I’d trust this guy. The title says 10mins, but the video clocks in at over 17mins…
It’s over 7 minutes of extra value beyond the 10 minutes advertised. 😬