A reverse mortgage loan, like a traditional mortgage, which allows homeowners to borrow money using their home as security for the loan.
Here’s how to find a neighborhood’s hot potential. For some home buyers, selecting a diamond in the rough is not only a welcome challenge but marks the beginning of an up-and-coming neighborhood. Getting into a community before it becomes the next big thing is the key to stretching your dollar! If you skipped by that village … Continue reading 3 Signs of an Up and Coming Neighborhood
Determine when you’ll need to start an escrow account. Escrow services are available when one party needs to make funds, a deed, or another instrument available to another party upon completion of a particular condition or event. In short, your escrow officer is the middle man for a service that relies on the exchange of … Continue reading When Do I Need Escrow Services?
Escrow accounts can allow you to pay insurance and taxes when the mortgage is due. Many first-time buyers are caught up in the process of packing, organizing, and signing a plethora of paperwork. These couples, individuals, and families often need additional help managing the costs of home ownership, such as taxes and insurance. After all, … Continue reading What Does an Escrow Payment on a Mortgage Mean?