Refinancing homeowners are granted a 3-day “cooling off” period.
Category Archives: Real Estate Definitions
Should you “escrow” your Marin County Property Tax and Insurance?
Want a discount on your next mortgage rate? Tell your lender that you’re willing to escrow.
Why loans with the lowest APR are not always the best deals
More commonly called APR, Annual Percentage Rate is a government-mandated mortgage comparison tool. It measures the total cost of borrowing over the life of a loan into dollars-and-cents.
Simple Real Estate Definitions : Loan-Level Pricing Adjustments
Loan-level pricing adjustments are mandatory loan fees based on a borrower’s specific default risk.
Simple Real Estate Definitions : Short Sale
A “Short Sale” is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.
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