Previously we’ve mentioned how great today’s rates are compared to the past and we’ve broken down the cost of waiting to buy. But, what about selling a house? Maybe it’s time to move-up and buy for a growing family, or maybe you’re now empty nesters and it’s time to sell and move to a new location, or maybe you’re in a better financial position ...Continue Reading →
There may be some out of pocket funds required at closing depending upon a couple of factors. If you have an escrow account for taxes and insurance, it does not roll over to your new mortgage.
This means we must collect for the new escrow account whatever amount should be in that account at this time of year You will receive a refund from your current lender, any funds they are holding in escrow for you – usually about 30 days ...Continue Reading →