Blog Archives

How to Own a Home in 2013!

Happy New Year, welcome to 2013.  Many people may have a New Year’s resolution to become a homeowner in 2013.  Well, Property Guiding would love to help you make this a realty.  I want to start again with the basic information to get things going: Read the rest of this entry

Pros and Cons of Mortgage Escrow Accounts – Part II

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

What Are Mortgage Interest Rates?

An interest rate is the price of money, and a mortgage interest rate is the price of money loaned against the security of a specific property. The interest rate is used to calculate the interest payment the borrower owes the lender. Read the rest of this entry

What am I truly paying in my Mortgage Payment?

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