Posts Tagged ‘escrow account’
Your Down Payment Is Not the Same as Your Cash to Close
One of the most common surprises for homebuyers happens when they hear the words “cash to close.” They may have saved enough for their down payment and assume that is the amount they will need at closing. Then they see additional costs and wonder where all those numbers came from. Your down payment is part…
Read MoreYour Mortgage Payment: It’s More Than Principal and Interest
One of the most common questions I hear is, “How much will my mortgage payment be?” It sounds simple, but there is more to a mortgage payment than just paying back the amount you borrowed. Understanding the different pieces can help you budget more accurately and avoid surprises after closing. The Four Parts of a…
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