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Homebuying Mortgage

Escrow Accounts

Escrow accounts are used to pay property taxes, insurance, and other charges. Your mortgage company usually creates the account for you.  Your taxes and insurance are part of your monthly mortgage payment. These are placed in your escrow account.  The money stays there until it’s time for the mortgage company to pay your property taxes […]

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Homebuying Mortgage

First Time Homebuyer? Make Sure You’re Prepared for These 7 Hidden Costs

As real estate markets flourish across the country, current mortgage rates may make it seem like the perfect time to be a first-time homebuyer. For many, owning a home is a big part of the American Dream. There’s a sense of pride and accomplishment in ownership. It can give you greater freedom and privacy, while […]

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Borrow Home Equity Homebuying Mortgage

Get More from Your Home with a HELOC

Did you know that you can get more from your home than just happy memories? You may qualify for a special kind of home loan called a Home Equity Line of Credit (HELOC). “A home equity loan is a loan for a fixed amount of money that is secured by your home. You repay the […]