What is Mortgage Escrow?

What is Mortgage Escrow?

Post Escrow ensures buyers and sellers in the real estate process are protected. As a homeowner, it ensures you will be able to pay for your property taxes and insurance. As a seller, it provides a layer of protection for the…
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Mortgage Rate Lock: How to Lock In Your Interest Rate

Post The most important factor in your mortgage may be the interest rate. Your interest rate will determine your monthly payment and the total lifetime cost of your mortgage. Getting the best rate is crucial to your home buying journey. Understanding…
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When Is My First Mortgage Payment Due?

Post There are many components to manage as you progress through the home buying journey. In fact, your first mortgage payment is dependent on the timing of other steps in the mortgage process. Your closing date will determine when your first…
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How Adjustable Rate Mortgages Work

Post When it comes time to choose the right type of mortgage for your new home or refinance, one of the most significant decisions you’ll make is whether to go with a fixed rate mortgage or an adjustable rate mortgage (ARM). …
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Home Appraisals 101: What You Need to Know

Post Whether you’re buying a new home or refinancing your current property, an appraisal is an essential part of your mortgage process.  Lenders typically require a professional, independent appraisal of the home you want to buy or refinance. This ensures the…
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How Property Tax Works

Post Homeownership comes with its own set of obligations that you may not have otherwise known about. You will undoubtedly factor in your down payment and closing costs when establishing your affordability, but maintenance costs, HOA fees, and various other expenses…
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Cash to Close: What You Need to Know

Post As you approach the final stretch of the home buying process, one term you want to be familiar with is cash to close. Although this term does not directly refer to actual cash, cash to close is important because it does refer to…
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Getting a Loan for a Rental Property: The Requirements

Post When looking to buy a rental property, getting a loan is usually the first step. Often, though, people misunderstand the requirements involved. Information overload is sometimes to blame for this. Getting a loan for a rental property involves knowledge of…
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5 Tips for Buying a Second Home

Post Are you thinking about buying a second home? With interest rates as low as they are now, it might be the perfect time to take the next step if you’ve been on the fence. Whether you’re looking for a vacation…
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How the West Virginia Housing Development Fund Makes Homeownership Affordable

Post The West Virginia Housing Development Fund: Everything You Need to Know Often referred to as the Mountain State and known for its scenic views, West Virginia is a place many people look to reside in. If you’re considering purchasing a…
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