The Process of an Earnest Money Deposit
It’s no secret to anyone hunting for a house that the market is hot right now and homes are selling in the blink of an eye! The combined shortage of available homes and increased demand from buyers has created a fast-paced market where potential buyers have to be ready to move quickly! But how can […]
Owner’s Policy vs. Lender’s Policy
Before understanding “owner’s policy vs. lender’s policy,” it’s important to first have a general understanding of title insurance. When someone buys or sells property, a record of the sale commonly known as the “Deed” is recorded in public records.
What Does it Mean to be in Escrow?
What does it mean to be “in escrow?”The escrow process begins the moment the seller accepts an offer made on their property and ends when the buyer takes the property into his/her possession.
What is an Earnest Money Deposit?
Finally, you’ve found a home that checks all the boxes on your “must have” list. The problem is several other people are also ready to call “your” perfect house their home too. Is there a way to set yourself apart and show the seller…
Refinancing Your Home: Is it Worth it?
Wouldn’t it be nice if there were a way to reduce your monthly mortgage payment? If you own a home, chances are you’re willing to do the research to lower your payments and save some pennies — potentially LOTS of pennies!
Homestead Exemption: Who is Eligible?
Homestead exemptions are meant to offer property owners a form of protection from creditors and property taxes toward their primary home residence. If you qualify, the exemption excludes either a specific dollar amount or a percentage…
Is a Short Sale the Right Decision? Learn Pros and Cons
A short sale is when a home is sold for less than the mortgage balance. Short sales sometimes called pre-foreclosure are alternatives to foreclosures. They are an option for homeowners whose mortgages are underwater. Unlike a foreclosure…
What is Escrow?
What exactly is ‘escrow’? We hear this word commonly in the real estate industry, especially at the title company. It makes sense to begin our discussion at the time before the closing; this period before the home sale is finalized.
The Importance of Title Insurance
What is a refinance? Why do we need Title Insurance? Even on an initial home purchase, title insurance is something that could save you from unforeseen circumstances!
Real Estate Taxes & Insurance
Tax and insurance escrows are not the most exciting parts of purchasing a new home…because of this, many loan officers don’t take the time to educate their home buyers…
