GORGEOUS NEW TUSCAN VILLA ON 10 ACRES WITH BREATHTAKING PANORAMIC VIEWS! QUALITY CONSTRUCTION W/ALL THE FINEST IN ARCHTECTURE, DESIGN AND AMENITIES...[more]
$2299000 6 Beds / 6.5 Baths
BREATHTAKING PANORAMIC CITY LIGHT AND MTN VIEWS! 10 ACRES, GATED ENTRY, CIRCULAR DRIVEWAY, BEDROOM SUITES, LARGE HOME THEATRE ROOM W/WET BAR. GOURMET KITCHEN W/ALL THE BEST UPGRADES...[more]
$1349900 5 Beds / 3.5 Baths
La Cresta Luxury Home with close to 5 acres, City view, Hill/mountain view, View, Central air conditioning, Swimming pool(s), Fireplace(s), Dining room, Den, Laundry room, Hardwood ..[more]
$1295000 3 Beds / 3.5 Baths
ENTER THIS SINGLE STORY La Cresta CUSTOM ESTATE TO INFINITE EDGE POOL OVERLOOKING CITY LIGHTS, THE PLATEAU AND BEYOND...[more]
$1199000 4 Beds / 4 Baths
PRIVATE EQUESTRIAN RETREAT WITH TONS OF USEABLE, FENCING, MATURE LANDSCAPE...[more]
$998000 3 Beds / 2.75 Baths
Beautiful Single Story Home in Gated Community of Olive Hill Ranch! Single Story on approx 1 acres. 3 Bedrooms plus Office/Den, 2-3/4 Baths, approx 3175 sq ft., 3 car garage...[more]
$800000 0 Beds / 0 Baths
GENTLE YET SECLUDED ON A QUIET ROAD IN TENAJA OVERLOOKING THE SAN DIEGO COASTLINE FROM YOUR PRIVATE RETREAT OF YESTERYEAR...[more]
$519950 3 Beds / 3 Baths
Incredible Romantic Lake Front Brand NEW Model home! Let Sunshine & Cool Breeze Embrace you as you relax on the Deck off Master, right over the lake!..[more]
$499000 4 Beds / 3 Baths
Magnificent panoramic view property, overlooking the lake & golf course...[more]
$489900 3 Beds / 3.5 Baths
Gorgeous Tierra Shores lakefront home with magnificent lake & mountain views. A newer gated community with clubhouse, pool & parks...[more]
$479900 4 Beds / 3 Baths
Beautiful Pool/Spa Home In One Of Menifee''s Most Desirable Communities! Upgrades Include Oak Cabinets, Custom Paint, Balcony, Pergo Floors, Ceiling Fans And More!!..[more]
$479900 4 Beds / 3 Baths
Beautiful Pool/Spa Home In One Of Menifee''s Most Desirable Communities! Upgrades Include Oak Cabinets, Custom Paint, Balcony, Pergo Floors, Ceiling Fans And More!!..[more]
Escrow
A neutral third party holds documents and money for a local Menifee Lakes real estate transaction and ensures
that all conditions of a sale are met. That in a nutshell is the definition of Escrow.
A special account that a lender uses to hold a borrower's monthly payments on Menifee Lakes home taxes and insurance also refers to an escrow.
The amount of money that you will be required to come up with at escrow depends on a number of factors, including the cost of the house and the type of mortgage you get. In general, you need to come up with enough money to cover three costs: earnest money - the deposit you make on the Menifee Lakes home when you submit your offer, to prove to the seller that you are serious about wanting to buy the house; the down payment, a percentage of the cost of the Menifee Lakes home that you must pay when you go to settlement; and closing costs, the costs associated with processing the paperwork to buy a house.
When you make an offer on a home, your local Menifee Lakes real estate broker will put your earnest money into an escrow account. If the offer is accepted, your earnest money will be applied to the down payment or closing costs. If your offer is not accepted, your money will be returned to you. The amount of your earnest money varies. If you buy a HUD home, for example, your deposit generally will range from $500 - $2,000.
The more money you can put into your down payment, the lower your mortgage payments will be. Some types of loans
require 10-20% of the purchase price. That's why many first-time homebuyers turn to HUD's FHA for help. FHA loans
require only 3% down - and sometimes less.
Some Menifee Lakes real estate buyers hold monies in escrow because it helps ease closing costs.
Closing costs - which you will pay at settlement - average 3-4% of the price of your home. These costs cover various
fees your lender charges and other processing expenses. When you apply for your loan, your lender will give you an estimate of the closing costs, so you won't be caught by surprise. If you buy a HUD home, HUD may pay many of your closing costs.
A neutral third party holds documents and money for a local Menifee Lakes real estate transaction and ensures
that all conditions of a sale are met. That in a nutshell is the definition of Escrow.
A special account that a lender uses to hold a borrower's monthly payments on Menifee Lakes home taxes and insurance also refers to an escrow.
Equal Housing Opportunity