by Kevin M. Lyle | Feb 28, 2017 | Tools & Resources
If you purchase a townhouse, condominium, or another home located in a planned development, gated community, or even an ordinary subdivision, you will likely be obligated to join the homeowner’s association (HOA) in your new community. In addition to joining, you’ll...
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 | 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 | 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...
by Borrowing Better Staff | Jan 20, 2017 | Refinancing, Tools & Resources
Anyone considering a home purchase, refinance their existing mortgage, or an early payoff of their mortgage should estimate the mortgage payment first. An online mortgage calculator is the first and easiest place to start. There is plenty of math that goes into these...
