Escrow Pricing Increase
Posted On: September 8, 2023 by San Luis Valley Federal Bank in: News
As you may be aware, your property value may have increased this year. County Assessors throughout the Valley performed a property valuation from January 01, 2021, to June 30, 2022. It was common to see residential property values increase by 30-80%. As a result, you may see a substantial increase in property tax payments.
If you elect to have San Luis Valley Federal Bank escrow your property taxes, your escrow payments...
Refinance Mortgage
Posted On: May 26, 2022 by San Luis Valley Federal Bank in: Financial Education
Your financial situation, and economic conditions, can change a lot in 15 or 30 years. Your monthly budget may get squeezed due to other major expenses, or you may be able to pay your home loan off more quickly, thanks to getting a raise. Interest rates may change, affecting how much it costs to borrow money.
Because of this, it's highly likely that the mortgage you took out when you first bought your home won't remain the best deal for you.
Thankfully,...
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Categories: News
Categories: Financial Education
Categories: Financial Education
Categories: Financial Education
Categories: Financial Education