Escrow And Your Mortgage: The Most Important Points To Know

Real Estate
There are many complicated terms thrown around regarding your mortgage, and one of them is an escrow account. You will probably hear that your lender will collect some additional money every month for escrow payments. If you take a look at your mortgage statement, you will see your interest, your principal, and your escrow. What does this mean, and why do you have to pay additional money that isn't going toward the balance of your loan? The Definition Of An Escrow Account An escrow account is an extra account that your lender opens on your behalf to make sure certain…
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Is An Escrow Account Right For You?

Real Estate
When someone is looking at purchasing a home, they usually focus on the purchase price of the home and the potential monthly payment. At the same time, there are other costs that need to be included as well. This includes home insurance and real estate taxes. As a result, many homeowners find themselves asking if they should use an escrow account or not. What do homeowners need to think about and how can they make the right decision? What Is An Escrow Account? First, it is important to define an escrow account. An escrow account is an account that contains…
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3 Important Factors That Affect Your Real Estate Transaction

Real Estate
The real estate market is quite different from other markets and can be confusing for even the most experienced buyers and sellers. You will need the help of a real estate agent whether you are an experienced buyer or doing it for the first time. Even with the help of an agent, you can educate yourself on some of the basic elements of a real estate transaction in order to make yourself more comfortable throughout the process. Here are 3 things that you should be aware of before you start a real estate transaction: Market Demand And Sales Price There…
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