by lizlaurenb | Jan 3, 2024 | Home Mortgage Tips
A mortgage escrow account, also known simply as an escrow account, is a financial arrangement set up by a mortgage lender to manage and disburse certain payments related to the property on behalf of the homeowner. The purpose of an escrow account is to ensure that...
by lizlaurenb | Jan 2, 2024 | Financial Reports
With the New Year, the final week only featured the normal reports of Jobless Claims, S&P Shiller Home Price Index (YoY), and the Chicago Business Barometer. All of them will have limited impact compared to the GDP and the Inflation data reports that have already...
by lizlaurenb | Dec 29, 2023 | Mortgage Rates
Rate locks play a crucial role in the mortgage application process, helping borrowers secure a favorable interest rate for their home loan. Here’s an explanation of the importance of rate locks and when and how to secure the best rate: Interest Rate Protection:...
by lizlaurenb | Dec 28, 2023 | Equity
La cantidad de capital que puede pedir prestado de su casa depende de varios factores, incluido el valor de mercado actual de su casa, el monto que debe de su hipoteca y su puntaje crediticio. En general, los prestamistas suelen permitirle pedir prestado hasta el 80%...
by lizlaurenb | Dec 28, 2023 | Home Mortgage Tips
Using online mortgage lenders can offer several advantages and disadvantages compared to traditional brick-and-mortar lenders. It’s important to weigh these factors based on your individual preferences, needs, and financial situation. Here’s a breakdown of...
