How, What and Why of Escrow

If you plan on buying, selling or refinancing any property in the future, you’ll need to know and understand about Escrow.

In this video, I speak with Gail Van der Hoeff of Lewis County Title here in Chehalis, Washington on the escrow process.

Many folks buying, selling or even refinancing their home are unaware of all that goes in to closing, or escrow.


Once you have gone through the entire process of the purchase and sale or refinance of your home, you think, “I’m done!” Well, not quite! There’s still the matter of disbursing funds to the proper parties and making sure those who also took part in your sale or purchase such as the appraiser and those good ole property taxes and homeowners dues are all paid up in full before you take or relinquish possession of your real estate investments.

Escrow also handles all the payoffs of utilities, title insurance and any miscellaneous fees or costs that may be written in to the purchase or sale of your property.

In short, escrow is the process of making sure your financial responsibilities are covered!

I hope you enjoyed this video as Gail and I go through the step by step actions you need to know to make your real estate closing smooth and without drama.


Janet 
SimonsI am passionate about Real Estate and eager to answer all of your real estate questions! Text or Call me at 360-880-2356 or email me directly to ask about Buying, Selling or Investing in today's Real Estate Market - serving Lewis County & Thurston County, WA.

Janet Simons | Certified Residential Specialist | Real Estate Broker
Mountain Valley Real Estate


Top 5 Benefits of Refinancing Your Home TODAY

top5No, I’m not a lender or a financial planner but with my access to some of the best mortgage bankers and loan officers in the business, I struck up a conversation about refinancing and if it was still a part of their overall business these days.

Almost everyone I spoke to are telling me they’re getting a lot of folks asking if now is a good time to refinance their home.

So, as a service to my clients, I asked them to list for me their top 5 benefits of refinancing your home and this is what they came up with.

Lower Your Interest Rate –

This is an easy one. But many of the financial professionals that I spoke to mentioned that taking advantage of these lower rates is easier said than done. If you have had any trouble in the past few years…you may not have this luxury at your avail. That said, by refinancing your home to lower your interest rate, you are of course able to save money and even allowing yourself to pay off the loan quicker. This is the hands down winner for the most common reason people think of when considering their options of refinancing their mortgages.

Build Equity Faster –

As we continue to crawl out of this economic correction, you may be unaware of your financial situation in respect to your homes equity. Now is the time to get a solid idea of what your home is worth in todays market. This is another reason to think about refinancing and building equity in your house. Many communities are experiencing a “Sellers Market” which is driving home prices up and giving you an opportunity to refinance your home.

Change Your Loan Program –

Many of us who bought during the “Bubble Market” of 2004-2007 may have a loan program that is not working for them any longer. After all, the lower rate of an Adjustable Rate Mortgage was appealing when you first purchased your home, but as the interest rate climbs you may start to consider a new type of loan. Some homeowners now have the option to get rid of that rising rate and look into a more consistent monthly payment program. A fixed rate mortgage is an attractive option if you don’t want an Adjustable Rate Mortgage anymore. Having a conversation with a financial professional can better help you determine if this is right for you.

Credit Score Has Improved –

There is a possibility your credit score has improved since you originally purchased your home loan. If you’ve had the right mind to make your mortgage payments on time, you’re probably in good shape financially and your credit score likely reflects that and ultimately, the result of your wise planning could be a new lower rate.

Use the Equity You Have Established –

Now that you likely have some equity in your home for the first time in a long time, now is a perfect time to take on some of those projects or maintenance issues that have been living on your “Honey Do-List” for the past few years! A refinance might be for you, as it allows you to tap into the equity you’ve built into your home. Using this line of credit can also help pay off debts such as credit cards, school or vehicle loans.

I hope this comes as some good news for you. I was quite pleased when I was asked by a close friend to help them get in touch with my lender to refinance their home. I was quite pleased at the appraised value of their home and the multiple options that refinancing offered them and their family.

If you want to take advantage like my very happy friends did, please feel free to contact me at the info below to get more info on the benefits of refinancing your home could do for you!


Janet 
SimonsI am passionate about Real Estate and eager to answer all of your real estate questions! Text or Call me at 360-880-2356 or email me directly to ask about Buying, Selling or Investing in today's Real Estate Market - serving Lewis County & Thurston County, WA.

Janet Simons | Certified Residential Specialist | Real Estate Broker
Mountain Valley Real Estate