When Is My First Mortgage Payment Due?

As a new homeowner, you’re likely over the moon about closing escrow. Wave goodbye to endless Docusigns, repetitive email chains, and most of all, the lingering fear of not making it to the finish line. Instead, say hello to homeownership!

If you’re someone like me who tends to think one step ahead of the game, you might be wondering the well-known question for homeowners who are fresh out the gate: “When is my first mortgage payment due?

The Short Answer: Not Right Away

If you’re scrambling to pay your first mortgage payment right after you closed, you can relax a little. Your first mortgage payment will…


Tips For House Cleaning

Depending on how much time has passed since you became a new homeowner, a few muddy issues may arise that can quickly wear off that new home feel. The ongoing buildup of unwavering dust and clusters of mysterious dirt can range from being mild to severely needing a deep cleanse.

Which poses the question that most people fear if they’re not the cleaning type: When is the last time you did a little spring cleaning since you became a new homeowner?

Most homeowners neglect spring cleaning, yet they have an unspoken responsibility to take care of their property. Think of…


How to Write an Offer Letter

Buying your dream home isn’t just a matter of finding it and moving in the next day. If only it was that easy! Even when you’ve rounded up all the necessary documents and obtained your pre-approval letter, your offer still needs to be accepted by the seller.

Though it’s not required, you can write an offer letter.

Depending on where you live, the competition might not be so fierce. However, if you’re in a seller’s market, getting your offer accepted can be a stressful game as sellers have more bargaining power. …


Understanding An Escrow Account

Most people don’t learn about escrow accounts until they’re far down the path of getting their first mortgage. There are two types of escrow accounts. The first is used for holding the deposit for a home until all conditions are met. The second is used for taxes and insurance for the life of the loan. In this article, we will be discussing the latter which is an escrow account primarily used for taxes and insurance.

An escrow account (sometimes called an impound account) is a fund managed by your mortgage company that acts as a safety net for future homeowner’s…


As technology advances, more and more transactions such as down payments, earnest money deposits, and mortgage payments are completed through electronic wire transfers. While this is a faster and easier way to send payments than a check, many criminals have used this as an opportunity to commit fraud or steal money.

Watch this video and follow these critical steps that will help make sure you do not become a cybercrime victim.

1. Choose a Secure Wire Transfer Method

Never accept wire instructions via email or phone. Any professional hacker or phisher can mask themselves as someone else and create a fake email or phone number to retrieve…


Living Mindfully Towards a Work-Life Balance

The world is colossal, lively, and nowhere near slowing down. As humans, we are only a tiny fraction of the massive unknown. When surrounded by epic events, changing technologies, and the fast-paced growth of new ideas and creations, falling victim to an environment of endless distractions seems inevitable.

Every day, a new social media app emerges. A new cryptocurrency. A new Netflix-original TV show. Could there be a way to stop and smell the roses without actually smelling the roses? Yes! It starts with living mindfully.

At work, the environment is quite similar to our hectic world. Our daily schedule…


While October is considered to be the peak month in “fire season,” California wildfires can start as early as June, so it’s wise to take preventative measures for wildfires. The best way to do this is by creating a defensible space around your home.

A defensible space is a buffer zone between your home and especially flammable materials such as trees, grass, shrubs, and other forms of vegetation. The term “defensible space” refers to firefighting, with homes that have a better defensible space being safer and easier for firefighters to protect. …


Financing details are for educational purposes only. Rates, program terms, fees, and conditions referenced are subject to change without notice. Not all products are available in all states for all amounts. All mortgage applications are subject to underwriting guidelines and approval. This is not an offer of credit or a commitment to lend. Residential Wholesale Mortgage, Inc. dba RWM Home Loans is an equal housing lender licensed by the CA Department of Real Estate #01174642 and Department of Business Oversight under the California Residential Mortgage Lending Act. NMLS# 79445

Purchasing a home is a process that must be done right…


Financing details are for educational purposes only. Rates, program terms, fees, and conditions referenced are subject to change without notice. Not all products are available in all states for all amounts. All mortgage applications are subject to underwriting guidelines and approval. This is not an offer of credit or a commitment to lend. Residential Wholesale Mortgage, Inc. dba RWM Home Loans is an equal housing lender licensed by the CA Department of Real Estate #01174642 and Department of Business Oversight under the California Residential Mortgage Lending Act. NMLS# 79445

In today’s real estate market, it is crucial to get pre-approved…


One of the first steps of the home buying process is determining your housing wants and needs so that you know what to look for when it’s time to choose “the one”. An important factor to consider when buying a home is whether or not you plan to have children. While most people leave it at that and choose not to dive deeper into the effects that having children has on homeownership, we want to give you some peace of mind if you’re currently in this situation or ever change your mind. …

RWM Home Loans

Equal Housing Lender NMLS #79445|DRE #01174642

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