Mortgage reserves, also known as cash reserves, are finances available to lenders after paying their deposit and closing their home acquisition. The cash should be in liquid or able to be converted into cash quickly. The purpose of mortgage reserves is to secure several months of mortgage installments in case…

Buying a home is hardly a priority for younger generations. Most millennials have other fun things to do in life, and buying a house is far-fetched. But, some are taking the first step in purchasing a home, which is recommended to do. For the millennials willing to take this bold…

Credit score has several impacts on people’s lives, among them being home buying. It is a measure of personal credit files that dictates the worthiness of an individual. Let’s look at some of the impacts that a credit score can sum up.

Lending and Payment

Apart from a rock-solid financial…

The real estate appraisers help people in determining the value of their real estate properties. They assist buyers with the valuation information so that they don’t get overcharged by property owners. Similarly, the sellers, too, are protected against possible underpayments by willing buyers.

Real estate appraisers are also useful when…

W Darrow Fiedler

W Darrow Fiedler is a successful, experienced real estate agent and Franchise Investor at Keller Williams Realty. darrowfiedler.com

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