Mortgage Basics – Escrow

Part 2 of our Mortgage Basics series. Escrow is part of the mortgage process in a real estate transaction. Understanding escrow is important in understanding mortgage basics. If you haven’t yet, please read Part 1, “Mortgage Basics” What is Escrow? An escrow is an account. Essentially, it is a “holding account”. An escrow account can… [Read More]

Mortgage Basics – Part 1

Mortgage Basics by Horizon Home Mortgage

If you are considering purchasing your first home, the process may be overwhelming. One of the key aspects is financing your home purchase. Let’s review mortgage basics and put you in a better decision making position. Part 1 of 8 There are lot of terms thrown around in the mortgage industry like escrow, pre-qualification, pre-approval,… [Read More]