MLO | Mortgage & Real Estate Podcast
Learn How to Win the Mortgage Game when Buying, Selling or Refinancing MLO (Modern Loan Officer) one of the fastest growing Financial Podcasts. MLO focuses on assisting everyone in winning the Mortgage game. If you are planning to Buy, Sell or Refinance your Home this is Podcast to follow. Hosted by Licensed Mortgage Advisor & Loan Officers: Addison Nett (Addy Nett) NMLS 1542184 - Casey Carpenter NMLS 1458123 - Mikal Mele NMLS 963197 - Mortgage Express, LLC - NMLS COMPANY ID: 40831 | EQUAL HOUSING LENDER
Not a commitment to lock or lend. Terms and conditions apply. Not all applicants will qualify. Licensed in OR/WA/CA/AZ/ID with licensing in California by the Department of Financial Protection and Innovation (DFPI) under the Residential Mortgage Act. Questions and concerns may be directed to our Corporate Office or customerservice@mtgxps.com. Visit www.nmlsconsumeraccess.org for more information.
MLO | Mortgage & Real Estate Podcast
It's Officially Property Tax Season
1. Property taxes in Oregon are unique - they are paid annually in November, unlike most other states where they are paid twice a year.
2. There are discounts available for early payment of property taxes in Oregon - up to 3% if paid in full by the 15th of November.
3. The fiscal year for property taxes in Oregon runs from July 1 to June 30, so when you purchase a home, you may need to pay back the seller for the portion of taxes they have already paid.
4. Local lenders who are familiar with the Oregon property tax system are important, as out-of-state lenders may not understand the nuances.
5. There are potential ways to reduce property taxes, such as if the homeowner is a 100% disabled veteran or elderly.
6. New construction properties pose unique challenges, as the taxes are initially based only on the land value until the home is assessed.
7. Property taxes can fluctuate year-over-year due to new taxes or levies being added, so it's important to be aware of this when budgeting.
8. Understanding whether your property tax statement is "yellow" (taxes paid) or "green" (taxes unpaid) is crucial, and you should reach out to your lender if you have any questions.
Mikal Mele Mikal Ashley Mele
Loan Officer & Mortgage Advisor
NMLS 963197
Casey Carpenter Casey Carpenter
Loan Officer & Mortgage Advisor
NMLS 1458123
Addy Nett
Loan Officer & Mortgage Advisor
NMLS 1542184
Mortgage Express, LLC NMLS ID 40831 | Equal Housing Lender
Not a commitment to lock or lend. Terms and conditions apply. Not all applicants will qualify. Licensed in OR/WA/CA/AZ/ID with licensing in California by the Department of Financial Protection and Innovation (DFPI) under the Residential Mortgage Act. Questions and concerns may be directed to our Corporate Office or customerservice@mtgxps.com. Visit www.nmlsconsumeraccess.org for more information.
