Home Buying Basics: From Escrow To Title Insurance

After all the searching, your offer has been accepted and you’re on your way to home ownership! But what is involved in closing on a house? What is escrow? Do you really need title insurance? The Terminology: Escrow, Earnest Money And Title Insurance Home buyers have many terms thrown at them as they begin the process of buying a home. By the time an offer is accepted they’ll already be familiar with realtors and mortgage lenders. Next, it is on to closing terms. Escrow, earnest money and title insurance are the most common terms home buyers will hear and want to become familiar with. Each of these terms represents something different and each one is generally needed to close on a property. Making Sense Of The Different Pieces Even before an offer is...

Read More