Taxes, Insurance and Home Loan Rates

Risk and servicing value play a central role in what rate an Arizona home buyer receives on their home mortgage.  Every Phoenix Area mortgage lender evaluates both of these items when determining what a borrowers rates will be.  Let's jump in feet first to explore how this works. Impounding Taxes and Insurance on Your Arizona Home Loan  Have you ever wondered why the mortgage rate or fees on a mortgage go up when a buyer chooses not to have their taxes and insurance included in their monthly … [Read more...]