What Should I Know About Interest Rates and Locking in a Rate?

Next in our Homebuyer Series: “What Should I Know About Interest Rates and Locking in a Rate?”

Rates can change daily—and locking in the right one could save you thousands. In this video, Derek and Tim Griffin at Prosperity Home Mortgage break down when and why to lock in a rate, what a float-down option is, and how to make the best decision for your budget.

If you’re thinking about buying, this is a must-watch.

What Is an Escrow Account, and How Does It Work?

Next up in our Homebuyer Series: “What Is an Escrow Account, and How Does It Work?” Escrow accounts can feel like a mystery—until now! In this quick video, Derek and Tim Griffin with Prosperity Home Mortgage explain how escrow works, why it’s often required, and how it actually makes homeownership a whole lot easier. Spoiler: it helps you avoid those big surprise tax and insurance bills. More tips coming soon—stay tuned!

What Does the Home Appraisal Process Look Like?

Next up in our Homebuyer Series: “What Does the Home Appraisal Process Look Like?”

You found your dream home, your offer’s accepted… and then the lender orders an appraisal. What does that mean for you?

In this video, Derek and Tim Griffin from Prosperity Home Mortgage break down the appraisal process—why it matters, what can happen if it comes in low, and who pays for it (spoiler: it’s usually the buyer).

More helpful tips coming soon—stay tuned!