Refinancing a mortgage. Yes, some folks are considering that after the last year. When rates are low, it can seem like the ideal time to refinance your mortgage. After all, who doesn’t like a lower interest rate? There are lots of good reasons to refinance your mortgage, such as adding on or trying to streamline your expenses, but what’s really involved in the process? Refinancing a Mortgage: The Basics Perhaps the best news any homeowner can get when it comes to a refi is that it’s not likely to be nearly as difficult as getting the original loan was. Breathe a big sigh of relief if you … Continue reading...
Could You Lose Your Earnest Money Deposit?
When you are buying a home for sale in Las Vegas, you'll put down an earnest money deposit. Earnest money is a good faith deposit that shows the seller you are really willing to buy their home. This deposit is important, because it makes a seller willing to take their home off the market to sell it to you. If you don't come up with an earnest money deposit, sellers may not think that you are serious about purchasing. You don't give your earnest money deposit directly to the seller. Instead, you give it to your real estate agent, who ensures that it is put in an escrow fund. No one is … Continue reading...