Without having been involved either buying or selling a home you probably don’t know what an escrow officer does. However, that person is one of the more important pieces in the transaction puzzle. There are plenty of people involved...

Competing Offers

Real estate in any region is rarely in what is referred to as “equilibrium.” Equilibrium states that neither a buyer nor seller has the upper hand in negotiations due to a balanced real estate market. Often times, it is...
Just like clockwork whether we want it or not it’s getting close to tax time. The IRS began accepting and processing federal income tax returns late last January. For the “EZ-Filers” it’s very likely many have already submitted their...
A home appraisal plays an essential role in any purchase or refinance transaction. When a lender evaluates a loan application the lender actually issues two separate approvals- one for the borrower and one for the property. The property is...
Just like a lender never issues a mortgage with the full intent to later foreclose, couples don’t get married with the intent to later file for divorce. Okay, maybe there are times when one of the parties has an...
The concept of private mortgage insurance first came about in 1958 when an insurance policy was created specifically addressed to help those who would not come up with the necessary 20 percent down payment in order to obtain a...
There have been some gradual rumblings in the mortgage industry but the released data seems a bit too small to make any news by itself. For example, at the most recent round of FOMC meetings last December, the Fed...
We certainly realize the mortgage process can be a bit confusing at times and we really didn’t mean for the process to be that way. Certainly not the entire mortgage approval process but there are some areas that seem...
When home buyers begin to think of buying a home, there are some major considerations to make. Certainly, the price range of the future property is important as well as getting comfortable with the projected monthly payments including not just...
Getting a home loan involves multiple parties and a lot of moving parts. Your mortgage lender is the one that keeps all these parts moving in the right direction and at the right time. Your loan application will be...