TOCR Real Estate SchoolMar 1, 20231 minWhat is Private Mortgage Insurance?Private mortgage insurance is a policy that protects your lender in case you default on your loan. Usually, if your down payment is less...
TOCR Real Estate SchoolMar 1, 20231 minWhat is Escrow?Escrow is a legal arrangement where a third party holds large funds until terms of an agreement are met. In real estate, you’ll set up an...
TOCR Real Estate SchoolMar 1, 20231 minWhat is Earnest Money?Earnest money is part of your down payment paid before closing to show you are serious about purchasing a home. It is also known as a...
TOCR Real Estate SchoolMar 1, 20231 minWhat is a Conventional Mortgage?Conventional mortgages are funded by private lenders rather than government-backed agencies. Most often, these loans are then sold to...