Closing costs are an important part of every property purchase.
There’s no way to avoid them, but you may be able to reduce the amount you pay. By understanding closings costs, including the various fees you’ll have to pay, you…
Mortgages can be complicated, with lots of confusing terms and acronyms that seem like they come from another language.
But you don’t need to be a real estate agent or a lending professional to speak the language of mortgages. With…
It happens in lending from time to time.
On occasion, rates are so high that they trigger the requirements of a High-Priced Mortgage Loan, also called an “HPML.” In many cases, this means the only solution is to establish an impound…
The state of Washington has an escrow process that is similar to other areas where an escrow agent is used to complete the process.
During escrow, the buyer’s funds and the purchase contract are held by a neutral party. Once…
Texas uses an escrow agent, closing agent, or representative from the title company to complete the real estate transaction.
As the borrower, your funds, as well as the purchase contract, are held in escrow by a neutral party. They…
In a highly competitive seller’s market like San Diego, it can seem impossible to purchase a home. It seems like you have no time to think; if you hesitate, the house will be off the market the next morning.
So does…
The escrow process in Oregon is similar to other states that use a closing or escrow agent. A representative from a title company can also be used for escrow purposes.
The buyer’s money is held by a neutral third…
When buying a home in Nevada, you will use an escrow process. An escrow agent, closing agent, or representative from a title company will be required to complete the transaction.
Your funds and the purchase contract will be held…
California is an escrow state and has a process that is similar to other states that have requirements for the use of escrow agents.
In California, the borrower’s funds and purchase contract are held by a neutral party. They are…
While it has some features that are similar to other states, Arizona has its own unique process for buying a home with a mortgage loan. Like many other states, Arizona requires an escrow agent, closing agent, or title-company representative to complete…
Are Your Contingent Offers Not Getting Accepted?
Purchasing a new home that is contingent on the sale of your departing property can be a long and difficult process.
Anytime you make an offer to purchase a new home contingent upon the sale of your…