Well you’ve finally found the property of your dreams, but now what? Finding the perfect property is only one of the first steps on the home buying journey, but Finance of America Mortgage is here to help. Below you will find tools and content that will assist you in the journey to come.
Showing 1 - 10 of 22 results
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Power Tips
What Is an Escalation Clause in Real Estate? When To Use One
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 […] -
Mortgage 101
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 […] -
Mortgage 101
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 […] -
Power Tips
Rental Property Loans: How to Finance Your Investment Property
If you’re interested in purchasing a home to rent out, it’s essential to understand that rental property loans have different requirements […] -
Mortgage 101
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 […] -
Mortgage 101
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 […] -
Mortgage 101
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 […] -
Mortgage 101
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. […] -
Mortgage 101
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 […] -
Mortgage 101
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 […]
