Escrow refers to a financial arrangement where money is held by a third party to ensure certain property-related obligations are fulfilled. It is most commonly associated with mortgage loans, where an escrow account is set up by the lender to manage and pay property taxes and homeowners’ insurance on behalf of the borrower. Escrow plays … Read More “What Is Escrow and How Escrow Accounts Work for Homeowners” »
Category: Escrow
Whether you’re thinking about selling your home, borrowing from your home equity, or canceling private mortgage insurance (PMI), it’s worth considering how to increase home value for an appraisal. While you can’t control every aspect of how your home is valued, properly preparing for a home appraisal can assist in making sure credit is given where … Read More “How to Increase Your Home Appraisal Value” »
Hooray! You’ve found a buyer for your home. You’re done, right? Not quite. All you have to do now is get yourself—and your house—ready to close, and we’re here to help. Let’s dive in! Earnest money When the buyer makes an offer on your house and you accept, the buyer will write you a check for a … Read More “You’ve Got a Buyer! What Next?” »