What Does Escrow Mean? What You Need to Know About Escrow to Buy a House

Buying a house is a multi-step legal and financial process. There are assurances and securities on both sides, for buyers and sellers, to make sure the deal goes through legitimately. It is necessary to include a contract, lawyers, and a special bank account known as escrow to make the deal happen correctly.

Dealing with your Mortgage Payments During a Furlough or Layoff

For many people, the fear of losing their homes because they are unable to make a mortgage payment is growing. Here are some of the options which may be available to help ensure if you are unable to make a mortgage payment because you have been laid off you will not be risking losing your home.

What is a Mortgage Forbearance Agreement?

How can homeowners who are clearly not at fault for their lack of sufficient employment navigate through this time? One option is mortgage forbearance. This article will discuss what mortgage forbearance is, what it involves, and whether you should agree to this plan.

All About Being A Mortgage Loan Processor

If you have ever bought a home and taken a mortgage, then you must have dealt with a mortgage loan processor. However, have you ever wondered what does this job entail or even how you can become a loan processor? In this article, we discuss in detail the role of a mortgage loan processor- the education and training required, the responsibilities and what a typical day on the job looks like.

A Checklist For The First Time Home Buyer

Buying your first home can be an exciting yet stressful endeavor. After all, it is one of the biggest purchases you will make in your lifetime and if you’re not familiar with the process, it can be a little intimidating. Understanding the steps involved will help you navigate through thinking about buying a home to closing the deal.

What is it Really Like in a Day in the Life of a Loan Officer?

Congratulations! You’ve passed all the requirements and you are officially on your way to a brighter future in the real estate industry. You should be proud of yourself! We certainly are! Now, you’re ready to truly experience what it means to be a loan officer. It’s a fast-paced world with ample opportunity for advancement, and with that comes great responsibility. You’ve come this far and that shows you’ve got the start of what it takes to excel in a highly competitive and rewarding field. So, now let’s take a look at a typical day of a successful loan officer.