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?
You may face these hurdles during escrow, but you can clear them with these steps! The escrow process, which is also known as closing or settlement, is the endgame of the home-buying process. It's when the buyer, seller, and other necessary parties get together to seal the deal. Before the process begins, brush up on … Continue reading Steps in Escrow You Simply Can’t Skip
New law is good news for California homebuyers. As the Consumer Financial Protection Bureau’s (CFPB) “Know Before You Owe” initiative aims to help borrowers better understand their mortgage terms and simplify loan disclosures, a new mortgage closing rule is going into effect. The new law is making it less likely that homebuyers will have to … Continue reading New Mortgage Law You Need To Know About
Buying a home is one of the biggest decisions that you will probably make in your life. It is important to make sure that you research all parts of the home buying process to make sure you are making the right decision when buying a home. Make sure you know the answers to the following … Continue reading Answers to Know about your Mortgage