TOCR Real Estate SchoolDec 21, 20221 minWhat is a Home Equity Line of Credit (HELOC)A home equity line of credit is a loan where you can borrow money against your home’s equity when you want it, not as a lump sum. This...
TOCR Real Estate SchoolDec 21, 20221 minWhat Fixed-Rate Mortgage?A fixed-rate mortgage mortgage guarantees one interest rate for the duration of your loan. With a fixed-rate mortgage, your monthly...
TOCR Real Estate SchoolDec 21, 20221 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 SchoolDec 19, 20221 minWhat is a Purchase Agreement?A purchase agreement is a contract between a buyer and seller stating the terms of the home sale. It may stipulate conditions like sale...