Month: November 2016

November 19, 2016

Why escrowing your taxes and insurance hurts you

Do you have an escrow account on your mortgage?  Each month you are contributing an amount over and above the principal and interest payments to cover your taxes and insurance and each year your lender has to provide you with an escrow statement – basically an update on how much money you have in escrow […]

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November 14, 2016

To refinance or not to refinance?

The era of low rates is supposedly coming to an end but does this mean it’s time to refinance? In order to give you my best answer we need to make an assumption – that being that the only reason to refinance is to lower your rate and payment NOT to cash out equity – that […]

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November 7, 2016

Franklin October 2016 sales show 5.1% appreciation

October 2016 sales stats are freshly calculated and paint this picture of real estate in Franklin. Sales of Single family residences in Franklin were 189 in October 2016 (vs. 180 in October 2015). The average home sold was 3,053 sq ft (vs. 3,179 in October 2015). Average sales price was $536,036 in 2016, up from […]

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