Search results for “FAQs”
What Does the Letter State? A commitment letter specifies the type of mortgage being obtained, the amount of money being borrowed, the terms or length of the repayment period, and the mortgage interes...
11 Frequently Asked Home Appraisal Questions
The Home Appraisal Process You may be wondering, how is an appraisal and appraiser scheduled? While you as the borrower are typically responsible for paying the appraisal fee, the lender typically ord...
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...
The 5 Major Factors That Cause Home Prices to Fluctuate
1. Economic change One of the biggest influences in real estate fluctuation is the health of the economy. This is typically measured by indicators like employment data, manufacturing activity, the pri...
What is the Average Down Payment for a House?
Tip #1 Reduce Debt While you save some money for a down payment, you will also need to simultaneously maintain a good credit score. This is very important because it helps your chances of being appr...
Cash Out Refinancing in 2022: The Definitive Guide
How a Cash-Out Refinance Works A cash-out refinance is a type of loan where a borrower “cashes in” their home equity for cash in hand. How does it work? When you take out a mortgage to buy your home, ...
A Guide to More Money: Mortgage Edition (Refinance, Cash-Out)
Quiz time! As you read the summary notes for Refinances and Cash-Outs, there’s a common theme that ties them all together – see if you can find it. Refinance Looking at your current mortgage arrangeme...
Landscaping Ideas Consider adding a little solar to your landscaping equation. By installing solar lights, your lawn will have spectacular appeal even after sundown. They can be used to line the edges...