Buying Real Estate

Things to Consider Before Buying a Townhome

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If you’re like many home shoppers, you understand that there are differences between condos and townhomes but you don’t quite understand what those differences are. This is because there are also similarities, most notably that townhomes are frequently governed by a homeowner association and condos almost always are. I don’t know about you, but when […]

Fixed Interest Rate Mortgages

Refinancing Myths

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“Refinancing” is a daunting topic for many people, but that shouldn’t be the case. For many homeowners, choosing to refinance can lower your monthly payments, help with your monthly budget, and save you thousands of dollars in the long run. For years now, we’ve been hearing that interest rates will be on the rise, and […]

Buying Real Estate

Which Down Payment Strategy Is Right For You?

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You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders. However, there can actually […]

Mortgage & Notary

Exposing Fraudulent Closing Instructions

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WF

As if the process of buying or selling a home is not complex enough, fraudulent closing instructions are the newest cyber threat to real estate transactions. In 2017, reports of fraudulent instruction incidents have quadrupled and most claims averaged $352,000 in losses. It is significantly important to understand how cyber-criminals pose as real estate professionals […]

Buying Real Estate

The “Life of an Escrow” Explained

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In Escrow

Purchasing a home isn’t as simple as it sounds. There is a good sum of money involved, many steps to manage, and a lot at stake. The seller and buyer don’t exchange money and documents directly with one another; they open an escrow account instead. An escrow is an arrangement in which a neutral third […]

Homeowners Insurance

Is Homeowner’s Insurance Necessary?

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Going down the road of homeownership can be complicated and exhausting. Quite often, the last thing new homeowners want to think about is spending more money on homeowner’s insurance. However, purchasing homeowner’s insurance is an important decision that should be carefully considered. The two main reasons for buying homeowner’s insurance are: to protect your assets […]

Mortgage & Notary

Here’s What You Should Know About VA Loans

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The VA home loan program was established in 1944 to support veterans returning from war. Today, the program assists American veterans and active military members in refinancing homes or purchasing properties. There are several reasons why a VA loan is more beneficial and preferable than a standard loan. For instance, a VA loan can be […]