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Tag Archive | "mortgage terminology"

Mortgage Questions: Prepaid Interest and Escrow Accounts

This mortgage questions post will cover the topics of prepayment. Several questions we have received have related to the topics of prepaid interest and also escrow accounts. Many find it difficult to understand the concept of ‘escrow’ in general. We shall try to make that clearer here. First, however, the question of prepaid interest. Mortgage […]

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Mortgage Questions: Mortgage Terminology Explained

The mortgage questions we are asked are often based upon mortgage terminology. Some terminology is difficult to understand. We will start with some that relate to simple terms that are often misunderstood, and then progress to those that can really be confusing. Mortgage Questions: What is Preapproval? When you are looking for a new home, […]

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Mortgage Questions: Mortgage Terminology Explained

The mortgage questions we are asked are often based upon mortgage terminology. We shall start with some that relate to simple terms that are often misunderstood, and then progress to those that can really be confusing. Mortgage Questions:  What is Preapproval? When you are looking for a new home, it makes sense to know how […]

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