The Different Types of Escrow Accounts

The Different Types of Escrow Accounts

Escrow accounts are a tool that lenders use to hold funds for home buyers. These are separate bank accounts that are secure and house your earnest money deposit. Essentially, a third party holds something of value that will be used at a later date to fulfill an...
The Closing Process Explained

The Closing Process Explained

The closing process is arguably the best part of the home buying experience. You have already been through the loan process, finding your dream home, making an offer, and going under contract. You are now in the home stretch! But before you call the movers, you need...

What Exactly Does a Title Company Do?

The role of a title company is to ensure that the title to a piece of property is verified, free of any unresolved issues, and to provide title insurance for the home. This insurance protects both the lender and owner of the property against any claims or lawsuits...
What Is An Assumable Mortgage?

What Is An Assumable Mortgage?

Going into the home buying process can be very intimidating. There are several different types of loan products and tips and tricks you should be aware of. If you have started the home buying process, chances are you have probably heard the term assumable mortgage....
Getting a Mortgage on a Vacation Home

Getting a Mortgage on a Vacation Home

You’ve decided to take the plunge and invest in a vacation home. However, a mortgage for a vacation home is vastly different from your traditional loan. Before you purchase your home away from home, it is important to note the following key factors. Higher costs...