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...
Home Equity Financing: The Definitive Guide
Newrez Home Equity Loan2 vs Cash-Out Refinance3: What’s the difference? With Newrez Home Equity Loan you can tap into the equity in your home without giving up your current mortgage. You can keep yo...
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...
How Much Do Home Remodels and Additions Cost? And How to Afford Them
Home remodels and additions help many homebuyers transform their current home into the home of their dreams. Before you go out and hire contractors or pick out design elements to fix up your home, it’...