Author: Or Gera

In Illinois, when one spouse takes out a mortgage on a property, the other spouse may be required to sign certain documents related to the mortgage and the property’s homestead rights. Here’s why this is typically necessary: Homestead Rights Protection: Homestead Rights in Illinois provide homeowners with certain protections for their primary residence, safeguarding a...

One of the most important documents you’ll encounter when navigating the mortgage process is the Loan Estimate (LE). This three-page form is crucial for understanding the terms of your loan and comparing offers from different lenders. In this post, we’ll explain what the LE is, why it’s used, and the timelines for executing it, as...

As you approach the final stages of the mortgage process, the Closing Disclosure (CD) becomes a critical document that outlines the final terms of your loan. Reviewing this document carefully before closing on your new home is essential. In this blog post, we’ll explain the CD, its use, and its associated timelines and provide a...

When you’re buying or refinancing a home, a home appraisal is a crucial step that helps lenders determine the property’s value. Understanding why an appraisal is needed, when it might not be necessary, who pays for it, and what concerns to watch out for can help you navigate this aspect of the mortgage process more...

Congratulations on closing your mortgage! You’ve completed one of the most significant financial transactions of your life. However, the journey doesn’t end at the closing table. Here’s what you can expect after closing on your mortgage: 1. Receiving Your Closing Documents After closing, you will receive a stack of important documents, including: Promissory Note: Your...