Get the Facts About Escrow Shortages
An escrow account is for making payments toward your real estate fees like taxes and insurance. It helps make these fees more manageable through monthly installments rather than paying a large lump sum when these bills are due. There’s typically a minimum balance that must be...
How Much House Can I Afford?
As the Summer approaches, the already competitive purchase market has buyers asking if they can still afford to purchase the home of their dreams.
The answer is YES.
It is first necessary to find out how much you as a buyer feels you can afford for a monthly payment. Most often, the...
Home Inspection 101: A Homebuyer’s Guide
A home inspection alerts you to any immediate repair concerns plus gives you an idea of what it may cost to maintain the home in good condition.
Let's take a closer look at the home inspection process so you know what to expect, and what the inspection does and does not include...
How To Remove Mortgage Insurance From Your Home Loan
You don't need to put a minimum of 20% down on a new home. That's the upside. The downside is that you'll need to pay mortgage insurance if your down payment is less than 20%. Read this post to learn the factors that determine if and when you can get rid of your mortgage insurance.
5 Best Renovations to Increase Your Home's Value (Plus 3 Worst)
Renovations make your home more enjoyable. Plus, if you do them right, they may even increase your home's value. This comes in handy if you plan on selling your home in the future. But watch out! While some remodeling projects add value to your home, others do little to increase it and may even...