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...
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...
