Posted on: 03rd Sep, 2013 12:16 am
Is escrow and closing cost the same thing? Or are there differences?
Hi Bord,
Escrow and closing costs are not the same thing. The variety of costs associated with a real estate transaction is known as closing costs. Escrow payment in real estate deals with property taxes and insurance payments. This is held in an account known as the escrow account.
Take care
Escrow and closing costs are not the same thing. The variety of costs associated with a real estate transaction is known as closing costs. Escrow payment in real estate deals with property taxes and insurance payments. This is held in an account known as the escrow account.
Take care
Welcome Bord,
You can know all about closing costs from the given page:
http://www.mortgagefit.com/know-how/shop-loan.html
You can know all about closing costs from the given page:
http://www.mortgagefit.com/know-how/shop-loan.html