Assessment is a valuation given normally from the county your property resides in. They use this number to determine what you should pay in property taxes. The figure they come up with doesn’t mean that what your home is worth on the open market however. You will need a market analysis from a Real Estate […]
Operations Manager Tawn Hensley discusses Appriasals and how they impact the loan process. What all does the appraiser look for and what do they determine? Contact us for more info.
Net income is equal to the income that a company has after subtracting costs and expenses from the total revenue. Net income can be distributed among holders of common stock as a dividend or held by the firm as retained earnings. So self employed borrowers this is the income number you pay taxes on and […]
PMI is a layer of protection for lenders, but an added expense for you as a borrower. Conventional loans are the most popular type of mortgages, but they’re also the one that isn’t insured by the government. Once you’ve paid 20 percent of your home’s loan-to-value ratio, you can contact your lender about removing PMI […]
At Bailey & Wood we have many different types of mortgage products which will allow a client to pull cash out from the equity in a home. Whether it is to consolidate debt, home improvements or cash for another reason our consultants are standing by to help you with your mortgage needs.