Patience and Preparation Buying a home in California can be an exciting, but intimidating process. If you are a first-time homebuyer, terms like mortgage insurance, counter offer and escrow can be enough to make you reconsider the upside of apartment living. However, with a little preparation you can glide through the steps of buying a home in … [Read more...]
FHA Loan Requirements – What You Need To Know
The Federal Housing Administration (FHA) provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes, as well as FHA approved condominiums, in the United States and its territories. FHA insured loans require mortgage insurance to protect lenders against losses that result … [Read more...]
Guide To Buying A House In San Diego
Home Sweet Home – How To Buy A Home In San Diego The first step in buying a house is to identify a lender. Once you get qualified for your home loan, it's time to find yourself a Realtor! Your lender is the best source for a referral as they work with many agents around the area and will know one that is well qualified to help you with your … [Read more...]
What Happens if Escrow Doesn’t Close On Time?
Escrow is a contractual arrangement between transacting parties, where an independent trusted third party receives and disburses money and/or documents. Escrow generally closes between 30 and 60 days. Reason for Escrow Not to Close There are many reasons for escrow not to close on time. Someone might be dragging their feet, making things slow … [Read more...]
What is Escrow?
Buying or selling a home (or other piece of real property) usually involves the transfer of large sums of money. It is imperative that the transfer of these funds and related documents from one party to another be handled in a neutral, secure and knowledgeable manner. For the protection of buyer, seller and lender, the escrow process was … [Read more...]
What is Escrow?
This video explaining the escrow process when buying a home is part of Maureen's first time home buyer guide. In the following short video Maureen will explain the escrow process, and how it helps to protect you as the homebuyer when purchasing your first home. … [Read more...]