by Borrowing Better Staff | Jan 21, 2017 | Tools & Resources
Escrow agents are often referred to as title agents. The escrow agent handles all the legal and financial responsibilities of closing a home loan. When purchasing a home, it is important for a buyer to understand all vital processes, including the escrow process. If...
by Borrowing Better Staff | Jan 21, 2017 | Blog, Buying Tips, Trends
The housing market continually changes; therefore, figuring out the best time of year to purchase a house is not as easy as one would think. According to Forces, most real estate professionals find themselves answering questions about timing, and even real estate...
by Borrowing Better Staff | Jan 21, 2017 | Borrowing, Buying Tips, Tools & Resources
Before starting your search for a new home, you must understand how much house you can afford. If you do a quick search for “how much house can I afford?” you will find a few mortgage calculating tools. While these are helpful, they do not tell you what goes into the...
by Borrowing Better Staff | Jan 20, 2017 | Borrowing, Credit
Debt plays a massive role in determining not only how much house a homebuyer can afford, but if they would qualify for a mortgage in the first place. There are specific preferences unique to each lender and type of loan. Some banks allow a higher debt amount than...
by Borrowing Better Staff | Jan 20, 2017 | Tools & Resources
Home equity refers to the home’s market value versus the outstanding balance of the mortgage and liens on the property. Typically, a property’s equity increases the more a homeowner makes payments on their mortgage. However, equity is volatile and can be affected by a...
