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All mortgages require a monthly payment. Typically, the monthly payment consists of the principal repayment, prorated property tax, prorated homeowner’s insurance payment and interest. Of these, your taxes and insurance payments are held in a trust account with the lender, called the escrow account. When you refinance a mortgage, existing escrow accounts are usually closed and a new one is opened specific to the new loan.

To better understand the advantages and disadvantages of escrow accounts and how they work, read below.

Suisman Shapiro Names New Managing Partner, Welcomes Two Attorneys  lymeline.com

A CLOSER LOOK: Josh Duggar appeals real estate lawsuit after being a no show twice  KNWA

Valerie Garcia, senior producer at branding agency 1000watt, shared her tips for creating a marketing plan that connects with consumers and guides them through market crises.

Low-tax states are winning the real estate battle  HousingWire

Real Estate Market 2021 Recovering From Outbreak | Marketo, Oracle, Mindmatrix, Infusionsoft, Propertybase – KSU | The Sentinel Newspaper  KSU | The Sentinel Newspaper

Florida Realtors sues CDC over eviction moratorium - South Florida Business Journal  South Florida Business Journal

Where Investors Can Get the Most House for the Money  Motley Fool

Exclusive: SoCal real estate firm Wedgewood LLC plans HQ move to North Texas - Dallas Business Journal  Dallas Business Journal

Real estate startup Opendoor opens Kansas City branch - Kansas City  Kansas City Business Journal

The "Home Swap" provider is aiming to boost headcount by 5X this year, with an eye toward expanding into 100 markets by 2023.

‘The Bachelorette’ 2021: Portland real estate broker and self-described ‘amazing’ lover, is among the suitors  OregonLive

Community Vision Launches Grant Program to Support Real Estate Acquisition for Performing Arts Groups  PRNewswire

The American Families Plan - Real Estate Industry Tax Perspective - Tax - United States  Mondaq News Alerts

JLL Income Property Trust Executes Recent 'Lease to Core' Warehouse Investment  PRNewswire

BuyProperly Raises $2M to Bring Accessible Real Estate Investing to Canada and the US  Yahoo Finance

Mortenson breaks ground on The Beam in downtown Tempe  AZ Big Media

A Florida home that has more storage space than it does bedrooms is going viral on TikTok for its rows and rows of shelves.

Finary wants to create the wealth management dashboard for the next generation  TechCrunch

Municipality buys former juvenile jail near Goderich, Ont.  CTV News London