Appraisal Not Required? Maybe Not! Find Out Before You Place an Offer to Buy a Home!
April 7, 2022You can always remove an appraisal contingency from your purchase offer, but did you know that the appraisal itself may not be a lender requirement for mortgage financing (it’s called a property appraisal inspection waiver or PIW)? This can be […]
Closing Cost Breakdown
March 8, 2022These are the hard costs you incur to obtain a mortgage. Closing costs are separate from pre-paid expenses for taxes, insurance, or interest – together they are combined to determine the funds needed to close (total cash required). Closing Costs […]
Empire of America (EOAC) – 40 Years of Residential Real Estate Lending
April 7, 2022It’s been 40 years since our firm opened its doors. Decades of operations and experience, with the same CEO at the helm, has led our firm to a strong client & referral base, and here’s what they have to say […]
Mortgage Lender or Broker? What’s the Difference?
March 17, 2022Is there a difference between a mortgage brokers and a mortgage lender? Yes. Lenders are creditors, have full control over all lending aspects of the lending transaction. Brokers: not so much. Brokers are not creditors; and therefore, they do not […]