ngramuglia3May 22, 20231 minWhat is a Pre-Approval?A pre-approval is confirmation from a lender saying they agree in principle to extend you a mortgage, up to a certain amount. Some real...
ngramuglia3May 22, 20231 minWhat is an Escrow Account?An escrow account refers to the financial instrument, managed by a third party, holding in escrow various funds (see above) involved in a...
ngramuglia3May 22, 20231 minWhat is a Real Estate Purchase Contract?A real estate purchase contract or REPC (pronounced “rep see”) is a legally binding document that outlines the terms and conditions of a...
ngramuglia3May 22, 20231 minWhat is a Home Inspection?A home inspection usually occurs after a home is in contract — that is, buyer and seller have signed an initial agreement. Conducted by a...