Related FAQs
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
Find out if jumbo loans take longer to close compared to conforming loans. Get details on documentation & appraisals and more with Better Mortgage. Read more
Find out if jumbo loans take longer to close compared to conforming loans. Get details on documentation & appraisals and more with Better Mortgage. Read more
Learn what a mortgage servicer and subservicer do, including how they handle payments, customer support, and other key administrative tasks for your loan. Read more
Learn what a mortgage servicer and subservicer do, including how they handle payments, customer support, and other key administrative tasks for your loan. Read more