Lowell  King

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What Happens to My Escrow Account If I Refinance?

USA Real Estate News-RISMedia - 7 hours 12 min ago

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.

How to create smart marketing that works during a crisis

USA Real Estate News-Inman - 7 hours 34 min ago
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.

Knock builds executive team as it prepares to go public

USA Real Estate News-Inman - 9 hours 20 min ago
The "Home Swap" provider is aiming to boost headcount by 5X this year, with an eye toward expanding into 100 markets by 2023.

Home with rows and rows of storage goes viral on TikTok

USA Real Estate News-Inman - 10 hours 30 min ago
A Florida home that has more storage space than it does bedrooms is going viral on TikTok for its rows and rows of shelves.
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