An impound account, also known as an escrow account, is a prepaid account set up by a lender to collect the borrower’s property taxes and homeowners insurance premiums. These payments…

Many things in the mortgage industry have changed and evolved throughout the years. One aspect of the mortgage loan process that continues to stay the same is how mortgage loans…

When it comes to purchasing a home there are a few obstacles that a borrower may come across. The most common obstacle is being able to save for a down…

It’s no mystery that there are closing costs whenever a buyer purchases a new home or refinances a property that they already own. The question is, what are these closing…

Historically, residential properties that were financed with Conventional mortgage loans and then transferred and held in an LLC by the owner was not recommended. If a borrower wanted to refinance…

The winter season tends to slow down the real estate market which can be advantageous to those willing to house hunt during these cold months. There tend to be fewer…

With the New Year having arrived, there have been some drastic improvements to mortgage loan limits for Conventional Financing. Conventional financing includes both Conforming and High Balance loan limits, which…

Investment properties have been widely accepted as a good investment vehicle, but buying one requires some additional research. Unless you have the cash to purchase them outright, you will need…

We have been noticing a significant shift in buyer trends, specifically with millenials, who now make up the largest sector of first time home buyers. Historically, this segment of home…

For the most part, a mortgage is usually the same, regardless of where it was originated. Sure there are some differences in costs, interest rates, and underwriting standards but what…