Property tax proration is a vital concept when buying or selling real estate. Essentially, it involves the fair distribution of property taxes between buyer and seller based on the control period during a given year. When you purchase a property mid-year, you're only responsible for the segment of the annual tax bill that corresponds to the left… Read More

When you're applying a mortgage, the idea of Private Mortgage Insurance (PMI) can feel pretty stressful. It's a mandatory fee for borrowers who put down less than 20% on their home. But how much PMI can you really prepare for? The figure varies depending on several factors, like your credit score, the principal, and the variety of loan you're ge… Read More

Planning to purchase a property in the Tar Heel State? It's important to have a good grasp of your projected recurring housing obligations. Our complimentary Carolina mortgage calculator helps you to readily calculate just that. Just provide your target mortgage principal, rate, initial payment, and real estate taxes; the calculator will then di… Read More