Earnest Money 101: What Every Home Buyer Needs to Know
Earnest Money 101: What Every Home Buyer Needs to Know Earnest money is a deposit - typically around 1% of the purchase price - that a buyer puts down once they're under contract on a home. It's held in escrow by a neutral third party, not paid to the seller, and in most successful closings it's sim
When to Lock Your Mortgage Rate | Tri-Town CO Buyer Guide
When Should You Lock Your Mortgage Rate as a Tri-Town Buyer? Quick answer: A mortgage rate lock guarantees your interest rate for a set period of time, usually between when your offer is accepted and when you close. For most buyers in Frederick, Firestone, and Dacono actively under contract on a hom
What Mortgage Pre-Approval Really Involves for Tri-Town Buyers
What Mortgage Pre-Approval Really Involves for Tri-Town Buyers Quick answer: Mortgage pre-approval is a lender's written estimate, based on a full review of your income, assets, debts, and credit, of how much you may be able to borrow. It typically takes one to three business days once your document
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