fico score percentage – Some Misconceptions Cleared There are many misconceptions surrounding the Fico score. It is important to get your facts straight to avoid confusion in an important part of your financial life. For starters, there is a huge difference between your Fico score and your credit reports. The Fico score is a statistical […]
Traditional Mortgage
The most important characteristic of a traditional mortgage is the fixed interest rate. It follows the simple ‘low risk, low profit’ principle. Your interest rate remains fixed throughout the tenure of the loan and this means that you can anticipate your monthly repayment and can plan ahead for it
What Is Escrow
Escrow account definition: Escrow is a legal arrangement in which an asset (such as cash, real property or other tangible assets) is deposited into an escrow account under the trust of a neutral third party (escrow Agent) pending satisfaction of contractual contingency or condition. Once the condition has been met, the escrow officer will deliver […]
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