6 minute lesson Lesson Summary Loan servicing is a common concern for homebuyers, as loans are often sold to different companies. The primary reason for loan sales is to free up capital for lenders to provide more loans. Even…
6Â minute lesson Lesson Summary Escrow Account Purpose: Holds funds for property taxes and homeowners insurance, ensuring these bills are paid on time. How It Works: Part of your monthly mortgage payment goes into the escrow account. The lender uses…
6 minute lesson Lesson Summary Average Costs: Expect to pay around $3,850, covering key expenses for home ownership transfer. What They Include: Fees for finalizing home purchases, like title insurance, appraisals, local taxes. Earnest money may reduce these costs at…
Homebuyer 101: Introduction Congratulations on Your Homebuying Journey! Embarking on the journey of purchasing a home, especially your very first one, is a momentous and exciting milestone for you and your family. It's a big leap from renting, and the…
5 minute lesson Lesson Summary Credit Score Sources: Compiled by Experian, TransUnion, and Equifax, reflecting your financial activities. Payment History (35%): Largest impact on your score. Includes on-time payments and the severity of late payments. Amounts Owed (30%): How…
Understanding Mortgage Closing Costs: Guide to Fees and Expenses Stepping across the threshold of your future home, you can almost hear the laughter and see the memories waiting to be created. Yet before keys change hands, a less poetic reality…
The decision to renovate a house before listing it for sale is a significant consideration for homeowners looking to maximize their property’s value and appeal to potential buyers. While renovating can enhance a home’s attractiveness, it’s essential to weigh the…
Investing in real estate can be a lucrative opportunity, and for military members in Colorado Springs, VA loans offer a unique way to purchase investment properties. VA loans, also known as home loans for veterans, provide flexible options, low interest…
Boost Your Efficiency with a Desk Treadmill! Do you find yourself feeling sluggish and unproductive at work? Sitting for hours at a desk can take a toll on your body and mind, but luckily there's a solution that can help.…
Homeownership Net Worth: Building Financial Stability and Wealth As you strive towards financial stability and wealth, it’s crucial to consider the role of homeownership net worth in achieving your goals. Homeownership net worth is defined as the total value of assets you accumulate through owning a…