Monthly Archives: July 2015

What is the role of a Buyer, Seller, Lender or Escrow Holder? Here is a breakdown of responsibilities for each party during the escrow process

Originally posted on Tina Jent-Fodor:
The Buyer • Deposits funds to pay the purchase price, and funds for property and closing costs. • Provides deed of trust or mortgages needed to secure the loan. • Arranges for borrowed funds to…

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20 mortgage buzzwords to keep you in the know

Originally posted on PCMDirect:
Adjustable Rate Mortgage (ARM) A variable or flexible rate mortgage with an interest rate that adjusts periodically according to the financial index it is based upon plus a margin. To limit the borrower¹s risk, the ARM…

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