Private Mortgage Insurance Definition Explained – What is PMI?

When it comes to buying a home, whether it is your first time or your third, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI). Private […]

What Are Closing Costs On A House?

What Are Closing Costs On A House? First time home buyers have many essential considerations, and one of their most frequent questions is, What are closing costs on a house? The closing occurs when an intermediary conveys the title of the purchased home or another piece of real estate.  The parties involved can expect that […]

Closing Day On A House – Buyer’s Perspective

You have secured financing, picked the house, and now it is almost the big day. It is nearly time to finalize the deal and close escrow with the title company on your home. Here are a few things that everyone should expect when preparing for the closing day on a house. Check documents Ask the lender […]

Title Company Definition

Although property buyers and sellers invariably hire the services of title companies, very few of them understand the roles of these companies and why it is mandatory to include them in your real estate deals. Nearly everyone knows that they are crucial in the process of closing on a property, but very few people outside […]

The Reason We Escrow Taxes and Insurance

Banks often have specific requirements to reduce the financial risks involved with offering a home loan to mortgage borrowers. One of these conditions may be to escrow taxes and insurance on your mortgage. What does it Mean to Escrow Taxes and Insurance? A mortgage escrow is mainly the account that is used to pay your […]