What Is an Escrow Account?
You're going to hear the word "escrow" a lot when you're buying a home, whether it's someone referring to an "escrow" account orgoing into escrow.
If You're Rejected for a Mortgage
If you’re application is rejected, don’t panic. There are many reasons you get rejected for a conforming mortgage: Debt-to-income (DTI) ratio is too high, Loan-to-Value (LTV) ratio is too high, credit Score too low, missing or incorrect documents and bankruptcy.