Carrington Mortgage Services, LLC Learning Center

Property taxes play a significant role in your escrow account balance, and in turn, impact your monthly mortgage payments. Along with increases in home insurance rates, homeowners face property tax increases that can impact their escrow accounts and finances. As local tax rates and property assessments fluctuate, your property tax liability can increase over time. However, there are strategies you can employ to minimize these increases and preserve your financial stability. By taking advantage of available exemptions, budgeting and planning, homeowners can look to maximize their savings and create a more affordable homeownership experience.

Ever wonder why everyone's talking about building a good credit score? Let's dive into the importance of this magical three-digit number and why it's worth your attention. 

In anticipation of the 11^th CCF Golf Classic, set to take place on Monday, October 9, 2023, at The Resort at Pelican Hill in Newport Coast, CA, we take a look back at the 2022 event.

We’re excited to bring yet another benefit to our customers; the easiest way to shop for insurance! Carrington Mortgage Services, LLC has teamed up with Covered, a digital insurance provider, to help you get the most competitive insurance rates for your home insurance, as well as auto, pet, flood, and over 20 additional bundled insurance options. With rising insurance rates across the nation, and states like California and Florida experiencing changes to providers that can make it difficult to secure insurance, we know it can be tricky to find the right home insurance policy at the right price for you.

As the days start cooling down, now is the perfect time to help your yard or garden transition into the fall season and ultimately into the cold winter months. Fall-blooming perennials are always a great choice, but be mindful that any perennials you choose need to be able to withstand winters according to your Hardiness Zone. If you’re looking to give your space a fall boost, try one of these beautiful flowers or plants:

Handling finances can be stressful. Sometimes, the hardest part is knowing where to begin, so here are a few tips that might help take some of the pressure off and provide simple solutions for how you set your finances up for long-term success. 

Escrow Out of Cycle Analysis

In recent years, we have witnessed a notable increase in many household costs, including home insurance rates and interest rates. While cost fluctuations are influenced by a number of factors, one thing is for sure: These changes can have a direct impact on your mortgage payments, particularly through your escrow account. 

Homeowners insurance isn't a luxury; it's a necessity. And not just because it protects your home and possessions against damage or theft. Mortgage companies generally require borrowers to have insurance coverage for the full or fair value of a property (usually the purchase price), andwon't make a loan or finance a residential real estate transaction without proof of it.Homeowners insurance costs can vary by insurance carrier, and there are many things that can affect the cost of covering your home. Let’s explore some of those. 

As the housing market evolves, new opportunities for affordability have emerged, offeringprospectivehomebuyers greater flexibility in achieving their homeownership dreams. Let’s explore some options that have come to the forefront recently, including the 40-year mortgage and temporary buydowns. By understanding your financial options and defining the “must-have”features in your future home, you can make informed decisions to boost yourbuying power and make your homeownership dreams a reality.