When you are at the closing of a real estate transaction you may hear the term “prepaid interest.” Here is what it means… Prepaid interest charges are charges due at closing for…
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closing
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A home inspection is an important part of the home buying process. We recommend including it in any offer to purchase as a condition of the sale. Problems discovered during an…
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When selling your home, here are common closing costs to keep in mind that will affect your net proceeds. The REALTOR® commission – typically a percentage of the sale price. The…
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Closing costs are fees buyers often pay related to the purchase of a home. Typical closing costs include things like: Mortgage origination fees or loan discount points paid to a lender.…
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The “closing” is the last step in a real estate transaction. Depending on your state’s laws, you may or may not be required to have an attorney represent you at the…
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The mortgage business is highly competitive with many loan options to choose from. Before selecting a lender, or a loan, here are some questions you should be asking… What types of…
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Every municipality levies an annual tax on most privately owned parcels of real estate located within their borders. These property taxes are based on two factors: the value of the land…
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The last step in the home buying process is commonly referred to as the closing. The close of escrow is when all steps—from acceptance, title search, inspection, mortgage approval, and so…
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Let’s assume that you’ve sold your home and closed successfully. There are still some items that you will need to address. Contact your utility service providers to disconnect the existing services…