Title Company Definition

Although property buyers and sellers invariably hire the services of title companies, very few of them understand the roles of these companies and why it is mandatory to include them in your real estate deals. Nearly everyone knows that they are crucial in the process of closing on a property, but very few people outside […]

The Reason We Escrow Taxes and Insurance

Banks often have specific requirements to reduce the financial risks involved with offering a home loan to mortgage borrowers. One of these conditions may be to escrow taxes and insurance on your mortgage. What does it Mean to Escrow Taxes and Insurance? A mortgage escrow is mainly the account that is used to pay your […]