Related FAQs
Learn what a real estate brokerage is and its role in your home purchase transaction. Read more
Learn what a real estate brokerage is and its role in your home purchase transaction. Read more
Prepaid costs are payments made at closing for upcoming line items of your new home loan. They're called "prepaid" costs because you're paying for them before they are technically due. The most common kinds of prepaid costs are homeowners insurance, property taxes, and mortgage interest. These are paid into an escrow account to ensure that you have money to pay your bills when they become due. Read more
Prepaid costs are payments made at closing for upcoming line items of your new home loan. They're called "prepaid" costs because you're paying for them before they are technically due. The most common kinds of prepaid costs are homeowners insurance, property taxes, and mortgage interest. These are paid into an escrow account to ensure that you have money to pay your bills when they become due. Read more
What is a co-applicant in a mortgage? A second borrower whose income and credit strengthen your application and help you qualify when solo approval is hard. Read more
What is a co-applicant in a mortgage? A second borrower whose income and credit strengthen your application and help you qualify when solo approval is hard. Read more