Category: Blog

Offer Accepted! Open Escrow! … What is Escro...

No matter where you’re buying a home, at some point you’re going to find yourself deep in escrow. (Don’t worry. It’s not as scary as it sounds.) What is escrow? In real estate, it has several  meanings, but they …

Earnest Money Deposit. What Is It? And Why Do I N...

The earnest money deposit, or EMD, is an important part of the home buying process.  It is a deposit of good faith on a home purchase transaction from buyer to seller, and tells the seller you’re a committed …

What Different Types of Mortgages Are Out There??

If you’re planning on buying a home in the near future, you have probably been lost down a path of what feels like never ending research, and are well aware there are many different types of home loans …

What Is a Mortgage Impound Account?

By now, you’ve likely heard the term “escrow” more than a few times throughout your home buying experience. However, the role of a mortgage escrow impound account is very different than the real estate escrow account used by …

Qualifying For a Mortgage Even With Student Loan D...

For thousands of recent graduates who found it almost impossible to get their college degree without taking of student loans, have also experienced yet another unexpected consequence – your student loan has impacted whether or not you’ll qualify …

The Homeowners Exemption: Are You Eligible?

Purchasing a home comes with a lot of paperwork. Though it’s no small task to keep track of everything, it’s important to stay on top of it all. Within that pile of papers, you might find some valuable …

Why Home Prices Are Increasing

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices …

Planned Unit Development vs Condo

If you’re looking at a property in a common interest development — that is, a collection of individual units with shared ownership of certain common areas — you’ve likely heard the terms Planned Unit Development, or PUD, and …

VA and the CFBP Warn Homeowners Against Refinancin...

Everyone knows the age old saying: “if it sounds too good to be true…”  well consider this your official warning.     In an article originally posted by the Consumer Financial Protection Bureau and the U.S. Department of Veterans Affairs, both …

What is the Difference Between Investment Property...

Whether a residence is classified as a second home or an investment property, matters when it comes to mortgage loans. People sometimes use the terms “investment property” and “second home” interchangeably to describe real property that is not their primary …