Should I refi my 15 year fixed mortgage if my rate is 3.250%?
I’m reviewing a scenario for one of my returning clients who currently have a 15 year fixed mortgage at 3.250% from when they...
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A compromise for waiving your escrow reserve account
An escrow reserve account is used to collect and “reserve” the real estate taxes and home owners insurance portion of your...
read moreAn Awkward Time of Year for Closing Refinances: 1st Half Taxes Due
On April 30th, first half of real estate taxes are due for properties located in Washington State. For those...
read moreHow Much Reserves are Required When Refinancing?
I had a great question yesterday from a potential client who asked how come my Good Faith Estimate was showing more reserves being...
read moreFunds for closing when you’re buying a home
Whenever you are buying a home utilizing a mortgage, your lender is going to need to know where your funds that will be used...
read moreWhy Is My Payoff Higher Than The Principal Balance?
I am often asked this question during a refinance from homeowners. Your mortgage payment is paid in arrears. ...
read moreCan I Pay My Own Taxes & Insurance?
Unless you have 20% or more of equity in your home, chances are you have an escrow account (also referred to impounds or reserves) for...
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