If you’ve ever purchased or refinanced a home, you may have come across the term “CPL” during the closing process. While it may sound like another complicated real estate acronym, a Closing Protection Letter (CPL) plays an important role in helping protect lenders — and in some cases buyers — during a transaction. At Excel…

If you’re buying a home, refinancing, or navigating a real estate transaction, chances are you’ll hear the word “escrow” more than once. But what exactly does it mean? In simple terms, escrow is a neutral third-party account that temporarily holds funds and important documents until all parts of a real estate transaction are completed. Think…