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Joel and Jodi Redmond October 3, 2023

4 Facts You Need to Know Before Setting Up a Mortgage Escrow Account

Buying a home involves a variety of nuances and strange-sounding terms, and one of the least understood aspects of the home buying process is the escrow account. Essentially, an escrow account is a third party bank account your lender can require you to pay into in order to cover certain costs related to your home. Your lender uses an escrow account to ensure that property taxes and home insurance fees get paid on time.

Filed Under: Home Mortgage Tips Tagged With: Escrow Account Information, Home Buyer Tips, Home Mortgage Tips

Joel and Jodi Redmond October 2, 2023

What’s Ahead For Mortgage Rates This Week – October 2, 2023

Next week, the unemployment data is going to be released, as initial jobless numbers are going to come in. This is a key indicator because rising interest rates generally lead to more layoffs, which could jeopardize the Fed’s goal of a soft landing.

Filed Under: Financial Reports Tagged With: Consumer Index, Financial Report, Mortgage Rates

Joel and Jodi Redmond September 28, 2023

A Quick Look at Reverse Mortgages: The Golden Ticket to Enjoying Your Golden Years

With a high volume of millennials set to enter the real estate market this year, it may seem like all the available options out there were created to snag new home buyers. However, there are products available on the market that cater to those who are in their golden years too. If you’re older than 62 and are currently weighing the options with your mortgage, here are the basics on reverse mortgages and why they might positively benefit you.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Reverse Mortgages

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Joel and Jodi

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Joel NMLS #231806
Jodi NMLS #231807
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Joel & Jodi Redmond
17047 El Camino Real
Suite 150
Houston, TX 77058

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