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
Do you need proof of income to refinance a mortgage? Understand if lenders typically require verification paperwork and how to prepare for a smooth process. Read more
Do you need proof of income to refinance a mortgage? Understand if lenders typically require verification paperwork and how to prepare for a smooth process. Read more
Find out how appraisal transfer applies when getting a new mortgage, who orders the appraisal, and what lenders consider when reusing a recent appraisal report. Read more
Find out how appraisal transfer applies when getting a new mortgage, who orders the appraisal, and what lenders consider when reusing a recent appraisal report. Read more