How Does Escrow Play into Getting a New Home Loan?by Kelly Richardson
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You will most likely hear the term escrow several times during the process of obtaining a new home loan. The word escrow stands for many different things throughout the mortgage process. Here is a straightforward explanation of exactly what escrow means for you.
New Home Loan: What is Escrow?
Another good idea is to have a list of questions you will ask your mortgage lender about your escrow before you sign anything. These are the questions that should be answered so that you understand exactly what your escrow payments are being used for and how they are being handled.
New Mortgage: Questions about Escrow
A little bit of knowledge about home escrow will go a long way when applying for a new home loan.
About the Author
Kelly Richardson covers the local education and technology scenes in major cities across the country. His articles appear in a variety of respected educational journals, periodicals, and e-zines. Kelly holds a bachelor degree in English and master degree in education from Georgia State University.
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