Diane Davis - Mortgage Advisor - NMLS #2216075

Diane Davis - Mortgage Advisor - NMLS #2216075 📚Educating & sharing strategies for achieving your home ownership or investment goals

03/21/2025

This week, we’re explaining what the Homestead Tax Exemption is, and how it can benefit you as a homeowner.

The Homestead Tax Exemption is a property tax benefit that allows a reduction in the assessed value of your primary residence either as a flat rate or a reduction in the percentage of your home value. For homeowners who qualify, this exemption often results in you paying less in property taxes.

✨Stay tuned! Next Friday we will be explaining the steps to determine whether you qualify for the homestead tax exemption in your state/county.

Diane Davis | Loan consultant | NMLS/MLO #2216075

03/08/2025

This week, we discuss a topic that has current and future homeowners buzzing.

Ever wonder why your mortgage payment can fluctuate even with a fixed-rate loan? It’s because of your escrow!

Your mortgage payment typically includes principal, interest, taxes, and insurance - also known as (PITI). While your principal and interest rate do not fluctuate, your property taxes and homeowners insurance are analyzed on an annual basis and can fluctuate over the life of your loan. Your escrow account holds funds for property taxes and homeowners insurance. Naturally, when those costs rise, your monthly payment adjusts as well.

Here are 4 ways to manage increases:

✅ Apply for tax exemptions – Check whether you qualify for homestead, senior, or veteran exemptions that could help to lower your property tax bill

✅ Shop around for better homeowners insurance rates – Shop & compare rates annually

✅ Bundle policies – Combine home & auto for available discounts

✅ Set aside extra savings – Prepare for potential increases Stay tuned for our upcoming content where we explain tax exemptions in more detail.



Credit:

Huge Congraulations to this wonderful family on closing their first home! 🏡Here’s to making new memories and filling you...
12/15/2024

Huge Congraulations to this wonderful family on closing their first home! 🏡

Here’s to making new memories and filling your new home with love🥂🎊

Through out the closing process, the family was surrounded by a team of us who were just as excited to see them close as they were ☺️

Thank you all for the amazing team work!

🎉

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50 Braintree Hill Park #220
Braintree, MA
02184

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