A title represents ownership of a home. When a home is sold, the title is transferred from one party to another. It is therefore an essential part of a property transaction. This blog offers advice on title searches for CA property purchases, what it is, and why it is important.
Definition of Title … [Read More...]
When you obtain a mortgage for a property purchase, you will incur a range of charges associated with the mortgage. These are often referred to as closing costs, but there are actually various types of charges that fall into that classification. This article covers details on lender closing charges … [Read More...]
Pre-approvals will not guarantee eventual mortgage approval. Mortgage companies perform a complete analysis prior to granting an approval. This formal process does not often begin until after real estate is under agreement as they must evaluate both the personal information of borrowers and … [Read More...]
Mortgage insurance (MI) is a policy that protects lenders in case a borrower fails to pay a home loan. It is commonly required by a mortgage company on mortgages where the borrower puts down less than 20% and is usually charged in monthly installments. For price restrictive home buyers, this … [Read More...]
Estimating home affordability in Fresno CA is a good first step for all home buyers and should be performed prior to seeing listings. This saves energy and minimizes disappointment. There are various financial figures to consider such as loan payments, real estate, insurance, property fees, and … [Read More...]
The home buying process typically requires one or more escrow deposits from buyers to assure sellers that they are acting in good faith. Deposits should be handled in a specific manner so as not to interfere with the mortgage approval process. This article includes information on escrow deposits for … [Read More...]