Does Getting Preapproved For A Home Loan Matter?
If you're looking into real estate and home shopping recently, you've probably realized that the availability of houses for sale is limited, and the competition is fierce. Of course, this varies by neighborhood, but on average, we've found that there's only about 3.5 months' worth of new...
What Does A Title Company Do?
A title company's role is to verify that the current owner can legally transfer ownership to the home buyer --essentially, making sure the seller has the right to sell the property.
In this blog, we'll go over how a title company determines legal ownership and the process of transferring...
What Is A Second Mortgage and Its Benefits?
A second mortgage (sometimes just called a "second") is when you take out a home loan against a property that already has a mortgage on it. When you get a second mortgage, you use your home as collateral to gain access to cash locked up in the value of your home.
You can use this money to...
Get the Facts About Escrow Shortages
An escrow account is for making payments toward your real estate fees like taxes and insurance. It helps make these fees more manageable through monthly installments rather than paying a large lump sum when these bills are due. There’s typically a minimum balance that must be...
The Basics of Buying A Foreclosed Home
Curious about buying a foreclosed home? Here's what you need to know to get started.
What's A Foreclosure?
When a homeowner can't keep up with their mortgage payments, they often have no other choice but to give up the property to the lender. These properties are called...
WIRE FRAUD IS ON THE RISE. PROTECT YOUR FUNDS. For cybersecurity purposes, all bank checks and wire transfers must be confirmed over the phone with the attorney or paralegal working on your transaction prior to obtaining funds or initiating a wire transfer. Hackers are targeting email accounts of lenders, mortgage brokers and attorneys in attempts to initiate fraudulent wire transfers. Do not wire funds without verbal confirmation. CT Liberty Mortgage, LLC will NEVER request borrowers wire funds in connection with their transaction.
CT Liberty Mortgage 1027 Farmington Avenue, Suite 100 Farmington, CT 06032 860.606.0099 Phone | 860.606.0204 Fax email@example.com