What happens during the appraisal?

Appraisal Process
The primary purpose of the appraisal is to determine the value of a property using similar properties called "comparables."

Impound Accounts

Most mortgage loans come with an impound account for paying property taxes and homeowner's insurance. Impound accounts are pre-funded at closing. And an impound (or escrow) analysis is conducted by your lender once a year.

What the heck is APR?

Quote for Mortgage Interest Rate and APR
APR is the government's attempt to confuse you. Just kidding. Sorta.

Large Deposits

Bank Deposit Slip
During the mortgage process, you will be asked to document large deposits into your bank account.

Shopping for Homeowner's Insurance

Homeowner's Insurance
Protect your investment by choosing the right homeowner's insurance.

Important Mortgage Dos and Don'ts

Mortgage Dos and Don'ts
Important tips to remember while your mortgage loan is in processing.