An escalation clause in real estate is a section in the contract where a potential homebuyer states that they’re willing to increase their offer if[…]
Article Topic: Found a Property I Love
Found a Property I Love
What Is a Deductible for Homeowners Insurance?
The deductible for homeowners insurance is the portion you pay towards a covered loss. When you file a homeowners insurance claim, the insurer[…]
What Does Homeowners Insurance Cover?
As a new homeowner, you may wonder exactly what does homeowners insurance cover and why do you need it. Your home is one of the largest investments[…]
Rental Property Loans: How to Finance Your Investment Property
Many people begin investing in real estate by taking out a rental loan to purchase a property and renting it out. If you’ve found a house that[…]
What Is a Jumbo Loan?
A jumbo loan is a mortgage for homes that exceed conventional conforming loan limits. For 2022, the conforming loan limit is $647,200 in most parts of[…]
What Is a Closing Disclosure?
At least three business days prior to closing on a home mortgage, buyers will receive a closing disclosure. This important document summarizes all of[…]
What Is an Escrow Holdback?
An escrow holdback allows a real estate transaction to close even if repairs or renovations are incomplete. At closing, a portion of the[…]
What is a Title Insurance Policy?
As a homebuyer, you get the deed upon closing, but your ownership rights may not be watertight without the protection of a title insurance policy.[…]
How Long Does It Take to Close on a House?
Buying a new home is exciting, but the wait to get the keys to your new abode can be a lengthy one. So, just how long does it take to close on a[…]
How Closing on a House Works
Closing on a house is the final phase of the homebuying process. If you’re approaching closing day, congratulations; you’re close to owning a[…]