Posted on: 30th Apr, 2007 07:32 pm
Hello fellows,
I am going to perform an economic analysis and present a mortgage project for my class. I have a few questions and I need your help.
1) What are annual taxes and annual insurances in Jacksonville, Florida? (I need a link for that)
2) What are mortgage rates for 20 years and 30 years in Jacksonville area? (I need a link for that, too)
Thank you for your big help!
I am going to perform an economic analysis and present a mortgage project for my class. I have a few questions and I need your help.
1) What are annual taxes and annual insurances in Jacksonville, Florida? (I need a link for that)
2) What are mortgage rates for 20 years and 30 years in Jacksonville area? (I need a link for that, too)
Thank you for your big help!
Welcome Kovit,
The annual taxes are the property tax payments made by every homeowner. For this, the homeowner usually deposits the taxes in monthly installments into an escrow account.
The annual insurance refers to the homeowner insurance policy which most homeowners purchase as a protection for their home from physical damages due to natural calamities, at times, including disaster due to flood.
A homeowner has to pay annual homeowner's insurance premiums but in most cases, if he has taken out a home loan, then the premiums are paid on a monthly basis into the escrow account.
The annual taxes are the property tax payments made by every homeowner. For this, the homeowner usually deposits the taxes in monthly installments into an escrow account.
The annual insurance refers to the homeowner insurance policy which most homeowners purchase as a protection for their home from physical damages due to natural calamities, at times, including disaster due to flood.
A homeowner has to pay annual homeowner's insurance premiums but in most cases, if he has taken out a home loan, then the premiums are paid on a monthly basis into the escrow account.
Hi Kovit,
Welcome to the forums.
Currently, the average rate on 30 year fixed rate loans in Jacksonville, Florida have gone down to 5.76% by 1 basis point.
Thanks,
Jerry
Welcome to the forums.
Currently, the average rate on 30 year fixed rate loans in Jacksonville, Florida have gone down to 5.76% by 1 basis point.
Thanks,
Jerry
Currently, 20 year fixed mortgage rates in the United States have gone down to 5.71%. So, the Jacksonville rates would be somewhere around this value.
Best of luck for your presentation Kovit :)