Search results for “Escrow”


Everything You Need to Know About Escrow
May 22, 2021

Everything You Need to Know About Escrow

What is Escrow? Put simply, escrow is a third-party financial arrangement intended to protect both sides of a large sale. It is most often used in real estate transactions, though you will likely come...


What is Escrow? Common Questions About Escrow in 2021 Answered
July 28, 2021

What is Escrow? Common Questions About Escrow in 2021 Answered

What is an Escrow Account? Escrow (also known as an impound account) acts like a savings account managed by your mortgage provider. Your escrow account is separate from your mortgage, but every time y...


Mortgage 101: Lingo You Need to Know
March 19, 2021

Mortgage 101: Lingo You Need to Know

However, taking out a mortgage is not exactly a simple, or easy-to-understand, process. If you’re not well-versed in the loan lingo, you might not realize what you’re getting yourself into…and that co...


How to Plan for Unexpected Expenses When Buying a Home
August 30, 2019

How to Plan for Unexpected Expenses When Buying a Home

But no matter how much you plan for these massive price tags, it might be the little surprise expenses that hurt the most. They tend to catch many homebuyers off-guard and can add up to a significant ...


Which Mortgage is Best for You: ARM or Fixed Rate Mortgage?
September 15, 2021

Which Mortgage is Best for You: ARM or Fixed Rate Mortgage?

Fixed Rate Mortgage Benefits Not only will the fixed rate you secure today be the same rate 10, 20, and 30 years from now, but the 30-year fixed-rate mortgage is also attractive because you can purcha...


The 9 Most Important People in Your Home-Buying Process
April 1, 2019

The 9 Most Important People in Your Home-Buying Process

Important People to Know There are nine folks you’ll get acquainted with when you buy a home. Here’s a look at each and the role they play. Real Estate Agent Some buyers have a real estate agent befor...


10 Questions for the First Meeting With Your Loan Officer
May 10, 2021

10 Questions for the First Meeting With Your Loan Officer

They will walk you through every step of the home loan process, from applying and submitting financial documents to closing on your home purchase, and even repaying the mortgage. But before you ever s...


15 Mortgage Terms You Need to Know
October 14, 2020

15 Mortgage Terms You Need to Know

1. AmortizationAmortization describes the shrinking of your mortgage as you pay it off. With each mortgage payment you make, part of the repayment is applied towards reducing the principal, while a se...


What is Title Insurance and Why Do I Need It?
October 19, 2020

What is Title Insurance and Why Do I Need It?

Titles and the homebuying process Since titles are part of the legal process of transferring ownership, before the title can be transferred, it must be “cleared” before the buyer can have it. Your len...