Category: Buying

 
 
U.S. flag hanging from the front porch of a brick house; lead image for article on facts about va loans

3 Facts About VA Loans To Know

Estimated reading time: 5 minutes There were more than 18 million veterans in the U.S. in 2023, according to the Department of Veterans Affairs (VA). If you’re one, there…

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What Are Cash Reserves? 

Cash reserves, or “mortgage reserves,” are funds a customer has easy access to in addition to their down payment and closing costs. These funds can be liquid—like cash in a…

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What Is a Mortgage Buydown?

Estimated reading time: 5 minutes As mortgage rates have gone up, so has the popularity of temporary mortgage buydowns. Temporary buydowns allow homebuyers to lower a mortgage rate…

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What Is an Escrow Account? 

The definition of “escrow account” depends on its use. For homebuying purposes, an escrow account generally refers to an account held by a neutral third party (such as a title…

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