What is escrow and how does it work?
In: Economics
TLDR you owe money on house, bank pay taxes and property tax for you. Some of your money goes to interest, some to principal, some to escrow which does the above
What is Escrow
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What is escrow and how does it work?
In: Economics
TLDR you owe money on house, bank pay taxes and property tax for you. Some of your money goes to interest, some to principal, some to escrow which does the above
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