by brownassociates | Jan 11, 2019 | Newsletter
What Homeowners should know about foreclosure Foreclosure is a scary process for homeowners. If you have received a foreclosure notice, it is very likely that you and your family have been under financial stress. Many people do not know what to do after receiving a...
by brownassociates | Oct 14, 2017 | Mortgages:
Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current market. The example this video shows – you have a house worth $300,000 today and you owe the bank $200,000....
by brownassociates | Oct 14, 2017 | Title and Closing
Like the video says – real estate agents aren’t paid by the hour!They’re paid a percentage of the purchase price in a successful real estate transaction. When one agent represents the sellers and another represents the buyers the commission is typically...
by brownassociates | Oct 14, 2017 | Mortgages:
The Prime Lending Rate – sometimes just called “Prime” – is the interest rate that banks charge each other for overnight loans. Some consumer rates – like ARMs – are set in relation to Prime. In the US, Prime is affected by the Federal...
by brownassociates | Oct 14, 2017 | Title and Closing
As we show you in this video, an escrow account is an account, established by your lender, to set aside a portion of your monthly mortgage payment to cover annual charges for homeowner’s insurance mortgage insurance (if applicable), and property taxes....
