I'm qualified

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  • #47979

    Jsophus
    Member

    Went to the Houston Achieve the dream and got qualified and went to the purchase workshop there as well. Woohoo. I have a question on the Naca mortage calculator. The drop down list for the tax rate is between 5% and 30%, what is that? Property tax is no where near that amount. What’s the formula to use to figure out which option to pick on that? The interest rate estimated in my area is 2.9 … the gentlemen at the event said to do the tax rate on the property divided by 12?? I’m confused.

    House searching soon 🙂

    #48011

    TTrumble
    Member

    Hello Jsophus,

    Congratulations! We’re doing lots of qualifications here. The last person left at 2:00 am, we opened back up at 8:00 as scheduled, and we probably won’t shut down until 3:00 or 3:30 Sunday morning. The turnout has been unbelievable!

    Regarding the taxes, just move the decimal point one place to the left. 2.9% becomes 29%, etc. You’ll get an accurate answer. The calculator should actually be labeled in mils instead of percent.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

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