Estimated reading time: 1 minute For home purchasing purposes, an escrow period refers to a period of time when the funds and documents necessary to fulfill a homebuying contract are…
Category: Buying
A contingency is a section in a real estate contract, set by either the homebuyer or seller, that outlines a condition that must be met before the contract can be fulfilled. Many…
An earnest money deposit, often just called earnest money, is an amount of cash that a potential buyer agrees to pay soon after their offer on a home is accepted. It’s provided as a…
Estimated reading time: 3 minutes After watching mortgage rates hit record lows during the pandemic and then tick up, you may be wondering, “Why do mortgage rates change?” In…
Estimated reading time: 2 minutes A comparative market analysis (CMA) is an estimation of a home’s value that is usually conducted by a real estate agent before listing a home. The…
Estimated reading time: 1 minute An appraisal is a written report by a qualified professional (appraiser) estimating the value of a property. During the appraisal process, appraisers…
Estimated reading time: 3 minutes If you’re in the market for a mortgage, you’ve probably come across lenders that offer Pre-Approvals and Verified Approvals. And this may have…
Estimated reading time: 5 minutes Purchasing a home is one of the most meaningful financial decisions you can make. As you do, a key factor to consider is how much of a mortgage…