Buying a home involves a variety of nuances and strange-sounding terms, and one of the least understood aspects of the home buying process is the escrow account. Essentially, an escrow account is a third party bank account your lender can require you … [Continue reading]
What’s Ahead For Mortgage Rates This Week – October 2, 2023
Last week, consumers were treated to several indicators on inflation that not only paint a picture of the economy’s health but also give the Fed more information to work with as it continues to aim for a soft landing. August Sees a Slight … [Continue reading]
A Quick Look at Reverse Mortgages: The Golden Ticket to Enjoying Your Golden Years
With a high volume of millennials set to enter the real estate market this year, it may seem like all the available options out there were created to snag new home buyers. However, there are products available on the market that cater to those who … [Continue reading]
Understanding Mortgage Amortizations and Why Longer Periods Can Cost More
Buying a home is one of the largest investments you will make in your life, and that's why so many people have longer mortgage amortization periods to pay down the principal. While it may seem appealing to have a longer amortization period, here's … [Continue reading]
What Does Contingent Mean on a House Sale
In the context of a house sale, "contingent" typically means that the sale of the house is dependent on certain conditions being met. These conditions could include things like the buyer securing financing, the completion of a home inspection, or the … [Continue reading]
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