Rilian Ball

First Capital Group

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Understanding Mortgage Escrow Accounts and Why They Are Important

February 25, 2025 by Rilian Ball

A mortgage escrow account is a financial tool used by lenders to manage and disburse payments for property-related expenses, like property taxes and homeowners insurance. Rather than paying these expenses separately, a portion of your monthly mortgage payment is set aside in the escrow account. When taxes or insurance premiums are due, the lender pays them on your behalf. How Does It Work? Initial Deposit: When you close on your home, your lender typically requires an initial deposit to fund … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: Escrow Account, Home Buying101, Mortgage Tips

Avoid These Costly Mortgage Mistakes

February 11, 2025 by Rilian Ball

Buying a home is one of the biggest financial decisions you’ll ever make. While it’s an exciting milestone, the mortgage process can be complex, and simple mistakes can cost you thousands of dollars or even derail your homeownership dreams. To ensure a smooth home-buying journey, here are some of the most common mortgage pitfalls—and how to avoid them. 1. Overextending Your Budget It’s tempting to fall in love with a home that stretches your budget, but committing to a … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: First Time Buyer, Home Buying, Mortgage Tips

Ensure a Stress-Free Home Purchase with These Gift Fund Tips

February 6, 2025 by Rilian Ball

Imagine you are about to purchase your dream home, and a generous financial gift from family or friends is making it possible. It’s a moment to celebrate!  But did you know that mishandling gift funds can lead to delays, added stress, or even jeopardize your loan approval? Don’t worry, we are here to guide you through the process! Let’s explore the top mistakes homebuyers make when receiving gift money and how to avoid them. 1. Skipping the Lender Consultation Before … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: Gift Funds, Home Buying Tips, Mortgage Advice

What’s the Difference Between a Second Mortgage and a Home Equity Loan?

February 5, 2025 by Rilian Ball

If you’ve been diligently paying down your mortgage, you’ve likely built up a valuable asset: home equity. This financial resource can be a game-changer, offering opportunities to fund major expenses, consolidate debt, or tackle unexpected financial challenges. But with multiple borrowing options tied to your home equity, it’s essential to know which route aligns best with your goals. Two popular options are second mortgages and home equity loans and often leave homeowners … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: HELOC, Home Equity Loan, Second Mortgage

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Rilian Ball


Branch Manager

NMLS # 202687

Call: (559) 697-5322
info@firstcg.com

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Rilian Ball
NMLS # 202687

Company NMLS: 35960
www.nmlsconsumeraccess.org

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