Continued from last week.
Downfalls of mortgage escrow accounts
There are several downfalls to escrow accounts. Basically, you are paying someone to do something you could do yourself (make payments on a schedule). Other downfalls occur when escrow accounts don’t work properly, when there is an overage or shortage, and due to missed opportunity cost. Read the rest of this entry
When purchasing a short sale, isn’t the title free and clear? Could liens present a problem? Oh, boy the questions you think and maybe don’t ask!! The answers to any of your questions can be Yes, or Yes, or No!! So how do I know?? Read the rest of this entry
Many times in the process of the loan application we forget to answer the most basic questions, and many times the simple answer’s help to understand the process a little better. For example: Mortgage payment? How is the payment separated out, when is it due, and how do they decide who has to have mortgage insurance and who doesn’t. Below are just a few interesting facts about the “mortgage payment”. Read the rest of this entry
The Nov. 6 ballot was one of the largest Florida voters have ever seen. There were 5 proposed real estate constitutional amendments up for consideration. Amendments require a 60 percent or higher approval rate to pass.
I was reading a very interesting article about mortgage insurance and wanted to share it. I think this is a perfect answer the the question that I have gotten for many years about “Mortgage Insurance” and what it is for: Read the rest of this entry