You're finally in escrow, packing up your stuff to move it into the home of your dreams, and the excitement is palpable. But before you step foot in your new house, there are a few important things you should take care of.
An escrow account will help keep your savings on track — that’s why many mortgage lenders require them. Here’s how an escrow account can help you stay current on property taxes, homeowners insurance and even homeowner association dues.
Buying a home is likely one of the biggest financial decisions you will make in your life. And it comes with a lot of terms you may not encounter in your everyday life. One of these terms you'll hear thrown around is "escrow." But in case you aren't exactly sure what escrow means or how it will affect your homebuying process, check out the details below. Definition Escrow is a deed, bond, money or piece of property held in trust by a third…
The first time you heard the term, "escrow" you may have been thrown for a loop. While the word may have had you confused the first time, here are some essential things to know about escrowâwhat it is, what it's used for, and how it works.
One of the terms often used during the mortgage process, especially during the closing of a mortgage loan is “escrow” or “escrow account.” Escrow accounts provide for the timely payment of taxes and insurance on your home. This prevents tax liens, loss of property and any lapse of