Buying a Home like a Grown-Up
Grown-Up Stuff: How to Adult
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How to Negotiate a House Offer
When you write an offer and you submit it over to a seller and they accept that offer, then you go under contract. Escrow post closing takes a completely different meaning. This account is used by the lender to pay for your tax and insurance premiums on your behalf. Every time that you send a monthly payment, part of that monthly payment adds on to this escrow account. And then the lender goes into that account to withdraw funds to pay those bills for you when they're due.
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