The journey to closing a mortgage loan can vary greatly for everyone. Depending on your financial situation, your credit situation, whether or not you’ve owned before, and dozens of other factors play into the mortgage process. However, if your closing is near and you think you see the finish-line, then congrats! But your journey’s not over yet – Zillow’s Brendon Desimone points out a few things that you should know between where you are right now and your closing day.
Although we’ve done a lot to de-mystify closing costs with our Understanding TRID guide, you may be curious about what to expect at the closing table.
What is escrow? One of those interesting terms to cut your teeth on in the world of property acquisition – escrow is something you may need to familiarize yourself with as you approach buying your first home!