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Cash reserves, or “mortgage reserves,” are funds a customer has easy access to in addition to their down payment and closing costs. These funds can be liquid—like cash in a…
Tag: Buying A Home
Estimated reading time: 5 minutes As mortgage rates have gone up, so has the popularity of temporary mortgage buydowns. Temporary buydowns allow homebuyers to lower a mortgage rate…
Estimated reading time: 9 minutes There are a few steps you can work into the homebuying process to help ensure you get a solid home and mortgage. But, the process can be fast-paced…
This step-by-step guide is packed with tools and insights to help you navigate the process from preparing to shop to closing on your new…
The homebuying process can be overwhelming, and it can be confusing to know where to start. If you’re looking to buy a home, check out our step-by-step process below and download our…
Estimated reading time: 1 minute For home purchasing purposes, an escrow period refers to a period of time when the funds and documents necessary to fulfill a homebuying contract are…
A contingency is a section in a real estate contract, set by either the homebuyer or seller, that outlines a condition that must be met before the contract can be fulfilled. Many…
An earnest money deposit, often just called earnest money, is an amount of cash that a potential buyer agrees to pay soon after their offer on a home is accepted. It’s provided as a…