Intangible Tax on Mortgage
Last modified June 10, 2023Fees collected when property changes hands or when a mortgage loan is made. This fee equals .35%. They are set by, and paid for by state and local governments.
Did you find this explanation helpful?
Top 10 terms for First-Time Home Buyers:
- VA funding fee
- Buyers Closing Costs you'll want to know about.
- ALTA (American Land Title Association) Closing Disclosure Statements
- Title company Escrow account
- Survey Fee
- Buy Down
- Buyers market definition
- Lender Inspection Fee
- Homeowner's or Hazard Insurance policy
- Government Sponsored Entity or GSE