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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…
Tag: Mortgage Basics
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 As the tax season begins, the Mr. Cooper team is here to help you start it off right. Here’s a quick look at what to expect and when. Key…
Estimated reading time: 6 minutes Whether you’ve just bought a home and wish you could have gotten a lower payment or have had a mortgage payment for years, there are ways to…
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….
Estimated reading time: 4 minutes At Mr. Cooper, we’re dedicated to giving you an upgraded mortgage experience in every way. To help you get the most out of your home loan,…
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…