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
Thinking short-term? A 5/1 ARM fixes the rate for five years, then adjusts yearly. Learn about lower initial payments, rate resets, and whether it fits you. Read more
Thinking short-term? A 5/1 ARM fixes the rate for five years, then adjusts yearly. Learn about lower initial payments, rate resets, and whether it fits you. Read more
Learn what a flood certification is, why lenders require it, and how it determines whether your property is in a FEMA-designated flood zone requiring insurance. Read more
Learn what a flood certification is, why lenders require it, and how it determines whether your property is in a FEMA-designated flood zone requiring insurance. Read more