Escrow 101: What You Need to Know
When you buy a house, you basically have to learn a whole new language. Between figuring things out with your mortgage lender and navigating the results of the home inspection, you’re probably googling words left and right. As well you should be! It’s important to protect yourself during this major transaction. And that’s why one […]
The post Escrow 101: What You Need to Know appeared first on Freshome.com.
Escrow is simpler than you might expect, and it’s key in real estate transactions. Image: WorldWide/Shutterstock
When you buy a house, you basically have to learn a whole new language. Between figuring things out with your mortgage lender and navigating the results of the home inspection, you’re probably googling words left and right. As well you should be! It’s important to protect yourself during this major transaction. And that’s why one of the words you might have to look up ? escrow ? is key. What is escrow" You’ve probably heard of people getting stuck in escrow, so you might feel less than excited about the topic. But fear not! Escrow is actually super easy to understand and great for both the buyer and the seller.
This arrangement protects the buyer and seller. Image: alexandre zveiger/Shutterstock
What is escrow"
Escrow is sort of a place, sort of a state of being. We’re off to a rocky start, we know. But bear with us. Let’s say Johnny wants to buy an apple from Susie. But Johnny an...
The post Escrow 101: What You Need to Know appeared first on Freshome.com.
Escrow is simpler than you might expect, and it’s key in real estate transactions. Image: WorldWide/Shutterstock
When you buy a house, you basically have to learn a whole new language. Between figuring things out with your mortgage lender and navigating the results of the home inspection, you’re probably googling words left and right. As well you should be! It’s important to protect yourself during this major transaction. And that’s why one of the words you might have to look up ? escrow ? is key. What is escrow" You’ve probably heard of people getting stuck in escrow, so you might feel less than excited about the topic. But fear not! Escrow is actually super easy to understand and great for both the buyer and the seller.
This arrangement protects the buyer and seller. Image: alexandre zveiger/Shutterstock
What is escrow"
Escrow is sort of a place, sort of a state of being. We’re off to a rocky start, we know. But bear with us. Let’s say Johnny wants to buy an apple from Susie. But Johnny an...
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