An escrow account is an account that your mortgage company sets up to hold money which is then used to pay your taxes and insurance on time. Every month when you pay your mortgage payment, a portion of that is being put into the escrow account. This is just an ...
READ MORE
You may hear some different terminology as you are making offers on homes and beginning the process of purchasing. This time in your life can be very exciting, but very confusing, so here are some terms that you may hear and what they mean. REPC This is the Real Estate ...
READ MORE
When you refinance there are costs associated with closing the loan. While you may be saving hundreds of dollars monthly, it is still good to know when you break even with your savings and the money spent on the refinance. To calculate the break-even point of a refinance: Start by ...
READ MORE
Refinancing your home can be very beneficial, but each person is different and will have their own reasons for refinancing. Here are some reasons why you may consider refinancing your home: Reason #1: Lower your Interest Rate Lowering your interest rate can lower your payment, reduce the amount of money ...
READ MORE
Copyright ©2023 | West Ridge Financial Corp | NMLS# 267440 | Licensed to Do Business in the State of CA, NV & UT | NMLS Consumer Access Portal | Privacy Policy
