escrow: What is in my Monthly Mortgage Payment? - 12/02/07 11:07 PM
Well the First most important thing when you are obtaining a mortgage on a property is: WHAT DOES YOUR MORTGAGE PAYMENT include?
Knowing what type of mortgage you have is part of the answer to this question!
Most Mortgage payments include a couple of components. 
First and (sadly) foremost is the Interest on … (0 comments)

escrow: In Escrow vs. Escrow Account ... - 12/02/07 10:40 PM
With my recent posts about "Escrow Accounts" some folks have emailed me questions about what "Escrow" really means.
I want to clear up a few points....
What is "Escrow" or "Being in Escrow"  compared to an "Escrow Account" ??
In different parts of the country we have different words, language or terms for the … (0 comments)

escrow: Escrow Anaylsis - 11/28/07 11:36 AM
If you do not what an Escrow Account is then read my Post : What is an Escrow Account?
What is an Escrow Analysis?  Your lender (or the company who services your escrow account), will run a report generally every 12 months.  The purpose is to compare the amount of money being put INTO … (1 comments)

escrow: What IS an Escrow Account? - 11/24/07 09:52 PM
Well by definition: it is A trust account held in the borrower's name to pay obligations such as property taxes, home owners insurance premiums and flood insurance (if required). 
Do lenders require it?  
Many do yes and for good reason. If your home is destroyed by a fire, the lender will have lost … (4 comments)

 
Real Estate Agent: James Downing - REALTOR® - Washington DC Real Estate (Coldwell Banker Residential Brokerage)
James Downing - REALTOR® - Washington DC Real Estate
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