Understanding Escrow Accounts

Are You in the Know About Escrow? - MortgageDepot

mortgagedepot mortgagedepot | 1 year ago

You’ve heard the word escrow thrown around in the real estate realm, but do you know its meaning? If you don’t, you’re in good company. Most people, including homebuyers, don’t quite get it. Escrow is a financial term, and we think it’s critical for our clients to understand where every bit of their money goes when they purchase a home. We’re here today to give you the scoop on escrow, powered by the experts! What Is Escrow? Escrow is a third-party account used during (and after) a r...

Mortgage Mythbusting: Revealing the Truth About Home Loan Qualification - MortgageDepot

mortgagedepot mortgagedepot | 1 year ago

There are several myths surrounding mortgage qualification. It’s enough to make anyone who doesn’t have a perfect financial history throw in the towel before they even check out their options! If you have mortgages on your mind, ignore the hype. Listen to our mortgage experts instead! Today we’re going to bust some of the most common myths about mortgage qualification and share the truth about what you can expect at the mortgage desk. Myth #1: I’ll need to endure a lengthy application pr...

Preparing To Purchase a Home: The Financial Edit - MortgageDepot

mortgagedepot mortgagedepot | 1 year ago

What is the best way to prepare for a home purchase? You could make a “wish list” of the features you want... The post Preparing To Purchase a Home: The Financial Edit appeared first on MortgageDepot.

What You Need to Know About the Home Inspection Process

fastexpert fastexpert | 1 year ago

It’s important when buying a home to remember that no home is perfect. Buyers always seem to love the home they contracted to purchase until the Home Inspection reveals the home’s deficiencies. This is a normal process when buying a home. This is also the phase of the transaction when most deals fall apart even though in most instances they shouldn’t have. Many buyers start to feel anxious as they read through the Home Inspection Report. These reports can be anywhere from 25-100 pages long...

What you need to know about backing out of a home purchase when you’re under contract

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

If you're a prospective homebuyer who is having second thoughts, you're not alone. About 15% of all home contracts fell through in June, marking the highest share of cancellations since March 2020 — the start of the pandemic — when it was 17.6%, according to real estate brokerage Redfin. A year ago, the share was 11.2%. Yet before you join the ranks of buyers who walk away from a deal in progress, it's important to consider if it will cost you to do so. Or, if you have yet to sign an initial...

All About ESCROW FEE – A Comprehensive Guide One Must Know

compareclosing compareclosing | 1 year ago

About Escrow Fee There are a lot of costs included in a real estate purchase transaction. Different departments work diligently to make sure that your transaction is completed on time. All these departments have fees...

Everything You Should Know About Your Next Exterior Home Remodel

fortunebuilders fortunebuilders | 1 year ago

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What Are Zombie Foreclosures? All You Need to Know– Loan Lawyers

fight13 fight13 | 1 year ago

ATTOM recently released their “Vacant Property and Zombie Foreclosure Report for Q2,” which showed that 1.3 million residential properties throughout the country are vacant. To put that in perspective, that represents 1.3 percent of all homes in the United States, with one in 76 homes sitting empty. If you are facing foreclosure, it is important that you speak to a Fort Lauderdale foreclosure lawyer before packing up and leaving your home. You likely have many more options than you think. Be...

Mobile Home Loan Options: Everything You Need to Know - Total Mortgage

totalmortgage totalmortgage | 1 year ago

With inflation hovering at record levels, home ownership might seem out of reach for some. However, mobile homes are less pricey than brick-and-mortar homes and could place the American Dream within grasp for many. Fortunately, a mobile home loan provides consumers with the financing and flexibility they need to afford their new homes. And just because mobile homes are made in a factory doesn’t mean the buyer has to sacrifice style, space, or opportunities to tailor the layout on a floorpla...

Who's Who in Luxury Real Estat... Who's Who in Luxury ... | 1 year ago

This sport is, after fishing, the most popular practiced outdoors. Small gamehunting is based on the pursuit of animals smaller than a common fox, that is,small wild animals. Some species considered small game in Spain are: the pigeon, the pheasant, the partridge, the rabbit, the hare or the quail, among others.The minimum area that the preserve for small game must have is 250 hectares,unlike for big game, which requires a minimum of 500 hectares. There are several types of small game hunting. ...

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Are You in the Know About Escrow? - MortgageDepot

Are You in the Know About Escrow? - MortgageDepot