What Does “In Escrow” Mean?
Once an offer is accepted, the home-buying process enters the escrow period. The escrow period begins when the seller accepts an offer and continues until the buyer receives the title and keys to the house. A lot can happen in the “in escrow” process.
How to Calculate Rental Income for Investment Property – Part 1
Buying a residential property and renting it to families is a good investment in almost every housing market. Well-kept properties can steadily increase in value over decades while also generating positive income each month from renters. Of course, not every property is ideal for a rental home investment.
Closing Day? Things To Know Before Getting Your Keys
You’ve been waiting for the right time to get the keys to your home, working hard, saving up year after year for a down payment, and raising your credit score while ensuring a steady flow of income. Now, it’s come down to the final days of the loan process. A process that feels like it’s lasted forever. Now, the question is: when do you get the keys to your new home?
Why You Should Wait on Big Purchases Until after You’ve Bought a Home
Buying a home is exciting-you have a whole new house to make your own. It’s so tempting to get a head start on all the new things you need to buy, but you should know that excessive spending while you’re in the contract-to-close period can cause problems with your final loan approval.
The Complete Guide on How to Navigate a Seller’s Market as a Homebuyer
Recently, one of our clients was lamenting on how difficult it is to buy a home in today’s market. “It’s really a seller’s market out there!” she exclaimed – and she was not wrong.
How a Loan Officer Can Help You Save On Your New Home
A loan officer is an expert who assists in choosing the ideal loan option that suits you best. Also known as a mortgage banker, mortgage consultant, a loan originator, and more, the goal of a loan officer is to guide you through the financing side of purchasing a home.