05 Nov 2024
By Mark Feder

Understanding “Cash to Close” in Your Home Buying Journey

Home Mortgages
If you've received your Closing Disclosure from your lender, congratulations! You’re almost at the finish line of your home buying journey, ready to celebrate with keys in hand. The Closing Disclosure, or CD, is provided at least three business days before your closing appointment and details your loan terms, projected monthly payments, and the much-discussed “cash to close.” But what exactly is "cash to close," and how is it calculated? What is "Cash to Close"? "Cash to close" is the total amount you'll need to bring to your closing appointment to finalize your home purchase. It includes your down payment…
Read More
16 Apr 2024
By Mark Feder

Understanding Closing Costs When Buying a Home

Mortgage
Buying a home is an exciting journey, but it's not without its twists and turns. One specific daunting aspect for many homebuyers is understanding the sphere of closing costs. These additional expenses can catch even the most prepared buyers off guard if they're not properly understood. So, let's discuss the world of closing costs and shed some light on what to expect when purchasing your dream home. Appraisal Fees: Before finalizing a mortgage, lenders typically require an appraisal to ensure the property's value aligns with the loan amount. Appraisal fees can vary depending on the size and location of the…
Read More
13 Dec 2023
By Mark Feder

4 Ways to Help Your Mortgage Transaction Close On Time

Home Mortgage Tips
When you've finally found the home you're looking for at the right price, it's easy to think that the hard part is over; however, there's still a lot to do in order to ensure your purchase goes through without a hitch. If you're tying up the loose ends on your home purchase, here are some things you should do to avoid any unnecessary delays. Hire A Legal Professional However much research you may have done in regards to buying a home, there's still a lot of legal jargon in the closing documents that can be difficult for most people to…
Read More
30 Aug 2023
By Mark Feder

How to Save The Most Money When Buying a House

Mortgage
Buying a house is one of the most significant financial decisions in one's life, and it's essential to make smart choices to save money during the process. While purchasing a home can be expensive, there are several strategies you can implement to maximize your savings and make the most of your investment. Here are some valuable tips on how to save as much money as possible when buying a house: Research and Compare Mortgage Options: When considering a mortgage, do thorough research to find the best interest rates and terms available. Compare offers from multiple lenders and don't be afraid…
Read More