Everything You Wanted to Know About Escrows

As your closing approaches, it seems more and more like everybody and their uncle is crawling out of the woodwork to demand your hard-earned money. You need deposits for the utilities, a great big moving truck and even more cash for something your banker swears he told you about — your mortgage escrow account. This… Continue Reading

Understanding real estate property taxes

There are two things in this world that are inescapable: death and taxes. Real estate property taxes are no different, and unlike income taxes, aren’t dependent on how much you make or what kind of deductions you have. For a lot of homebuyers, their principal and interest payment looks nothing short of amazing, but once… Continue Reading

New Mortgage Rules in 2014

In 2013, we finally saw hard evidence that the real estate market is ready for some positive changes: home values have increased, bringing many underwater mortgages to value or better, foreclosures have slowed and everybody is generally in a pretty good mood. If you’ve been putting off buying a home, 2014 is your year. There… Continue Reading