Carrington Mortgage Services, LLC Learning Center

At Carrington Mortgage Services, we recognize that property taxes can be a significant expense for homeowners. Fortunately, various property tax exemptions can help alleviate this financial burden if you qualify. Let’s explore what these exemptions are and how they can benefit you.

Disclaimer: The information provided in this article is for general informational purposes only and is not intended to be, nor should it be construed as, legal, tax, or financial advice. Property tax laws and exemptions vary by jurisdiction, and eligibility requirements may change. Homeowners should consult with a qualified tax professional, legal advisor, or their local tax authority for guidance specific to their situation. Carrington Mortgage Services, LLC makes no representations or warranties regarding the accuracy or completeness of the information provided and is not responsible for any decisions made based on this content.

At Carrington, we’re always looking for ways to enhance your experience.We are thrilled to announce the launch of our newest offering:SmartBuy by Carrington!Designed to give you more value and convenience in your homeownership journey,SmartBuy stands as a beacon of savings, simplicity and personalized support—all under one roof. 

Looking to give your home a refresh, but not sure where to find inspiration? We’ve got you covered! Here are five design trends to look for in 2025: 

Myth #1: Your mortgage servicer will never change. 

Home is where the heart is, and getting into the right house can make all the difference. You want a real estate advisor who’s going to stand by your side and guide you to the perfect home. However, finding the right real estate advisor can be tough – especially when you’re unsure where to begin or where to look. Fortunately, we’re here to help with tips on how to find your perfect match: 

We understand that every homeowner’s journey is unique. That’s why we offer flexible lending programs designed to meet a variety of needs. Whether you’re self-employed, have faced credit challenges or need to use alternative sources for income documentation, our loan programs are here to help. Let’s explore some options anddiscover which one may be right for you! 

Looking to access your tax documents for this year? If you’ve opted to receive 1098 and 1099 statements electronically, your 2024 Year-End Statement can now be accessed via the Documents section of your account.   

Your 1098 statement, or Mortgage Interest Statement, is used for reporting the amount of interest and related expenses you paid on your mortgage within the tax year. The 1099 statement is used to report different sources of income throughout the tax year. With these two statements, you can be well prepared for tax season in April! 

It’s that time of year again! If you’ve opted to receive 1098 and 1099 statements electronically, your 2024 year-end statement can be accessed via the Documents section of your account in late January. If you’ve enrolled in paperless delivery, you will be notified via email once it’s available. If you have not elected to receive your statements electronically, your statements will be mailed no later than January 31, 2025.

Festivities abound as we head into the holiday season, and there’s no better way to spend the holidays than with friends and family! However, the holidays can be a hard on your budget – so we’ve compiled some ideas on how you can host memorable get-togethers without breaking the bank: 

When navigating the homebuying process, understanding mortgage insurance is crucial for both first-time and seasoned buyers. Mortgage insurance serves to protect lenders if borrowers default on their loans, and is required for certain types of loans. Mortgage Insurance Premium (MIP) and Private Mortgage Insurance (PMI) are the most common types of mortgage insurance.  While they serve a similar purpose, there are key differences between the two that can significantly impact your mortgage.

In this article, we'll clarify what MIP and PMI are and guide you on how to determine if you’re eligible to remove mortgage insurance from your payments. Understanding these terms can empower you to make informed decisions about your mortgage.