The Transformation of the Mortgage Process Obtaining a mortgage is a process that requires accuracy, patience, and communication. To reach the end goal of closing escrow, all parties involved must operate at their best and act efficiently in their role.…
How Are Mortgage Rates Determined? Are you currently renting? If so, you’ve probably heard homeowners try to tell you that owning a home is more beneficial than renting. Depending on what your financial and homeownership goals are, this may be…
When Is My First Mortgage Payment Due? As a new homeowner, you’re likely over the moon about closing escrow. Wave goodbye to endless Docusigns, repetitive email chains, and most of all, the lingering fear of not making it to the…
What Are Closing Costs? When you purchase a home there are fees associated with the transaction that are referred to as closing costs. There are different types of closing costs including fees paid to the mortgage lender, charges paid to…
What is APR aka Annual Percentage Rate? APR is a term that you’ve probably come across while viewing credit card details or even obtaining a home or car loan. As an acronym, it stands for Annual Percentage Rate, but what…
The Risks of Mortgage Fraud As technology advances, more and more transactions such as down payments, earnest money deposits, and mortgage payments are completed through electronic wire transfers. While this is a faster and easier way to send payments than…
Paying Off Your Mortgage Before Retirement First, you have to determine if it is more appropriate for you to keep or pay off your mortgage. While most people will gravitate towards the peace of mind, savings on interest, and increased…
Biweekly Payments Vs. Monthly Payments When searching for a home loan, there are several options to choose from concerning how you will pay back the borrowed funds. Some repayment options are based on the length of repayment or type of…
The Importance of a Mortgage Pre-Approval In today’s real estate market, it is crucial to get pre-approved by a mortgage lender before you start shopping for a home. The pre-approval process will give you a firm idea of the loan…
Common Mortgage Mistakes for First-Time Homebuyers The decision to buy a home can be exciting and thrilling. The process itself? Not all clear skies and a walk in the park. During the home buying process, borrowers unwittingly make easily preventable mistakes that…