VA Easy Purchase

VA Mortgage New Jersey …… It’s a simple process to own A home

VA Mortgage New Jersey

1 Comment

  • Sussy

    Reply Reply September 29, 2013

    Property taxes are taxes assessed on preorpty, normally based upon the value of the preorpty. Have never heard of a “mortgage tax” but some jurisdictions to assess a tax for recording preorpty deeds and transfers and since the mortgage usually requires an additional filing there could be additional taxes due to record the mortgage and/or record the lien release when it’s paid off.Most lenders require payment of a portion of the estimated preorpty taxes (and homeowners insurance) with each payment. That’s not a tax but money held in escrow by the lender until they receive the tax bill and pay it. The amount that they pay on your behalf is deductible on your tax return if you itemize.References : Was this answer helpful?

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