As the video says – real estate agents aren’t paid by the hour! They’re paid a percentage of the purchase price in a successful real estate transaction. When one agent represents the sellers, and another represents the buyers, the commission is typically...
Purchasing a home is exciting. Once escrow begins, the excitement can change to frustration, particularly if you are not ready for the closing costs that quickly accumulate. Closing costs simply refer to the fees for various things associated with the escrow...
What is title insurance and why should any buyer get it when purchasing a home (single family, townhouse, condo, apartment, or whatever format your home purchase takes)? Doesn’t the attorney or settlement company handling the closing see to it that you have a...
As we show you in this video, an escrow account is an account that is established by your lender. It’s created to set aside a portion of your monthly mortgage payment to cover annual charges for homeowner’s insurance, mortgage insurance (if...
For most real estate loans, you will receive a Closing Disclosure three business days before loan consummation – which frequently happens at the closing meeting. At the meeting itself, you should receive a copy of your Mortgage Note – your obligation to...
What you’ll see in this video is, there may be closing costs that are customary or unique to a certain locality, but closing costs are usually made up of the following: Attorney’s or escrow fees (Yours and your lender’s if applicable) Property taxes...
