Escrow can seem like one of the more confusing parts of your home loan, but it generally boils down to a few key parts. One of these is your escrow account’s minimum required balance….
Tag: Mortgage Basics
Estimated reading time: 6 minutes Q: What is a Disaster Forbearance Plan? A: For eligible customers, a Disaster Forbearance Plan temporarily pauses mortgage…
Estimated reading time: 0 minutes If your mortgage requires one, you’re probably familiar with what an escrow account is. These are accounts that mortgage servicers (the…
Estimated reading time: 3 minutes Mortgage payments are an influential factor when it comes to family budgeting and spending, and it’s not unusual for them to change over time. If…
Estimated reading time: 2 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: 4 minutes Your home is a valuable asset, and one that you can tap into in times of need. A home equity loan can be a way to cover expenses like home…
The beginning of the year marks the start of tax season and the arrival of a variety of year-end financial documents into your email inbox or mailbox. It can be a lot to sift through, so…
Estimated reading time: 3 minutes What is escrow? In the simplest of terms, escrow is money that your mortgage servicer (the company you send your mortgage payment to) sets aside to…