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News about Mortgages:
Rusk Co. Abstract celebrates 100 years - Ladysmith NewsIf you stop someone on the street and ask directions to the Rusk County Abstract Co. in Ladysmith, don’t be surprised if they have a puzzled look. The abstract office, located at 110 E. Third Street N. across from the entrance to the Law ...
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Today's Mortgage Terms starting with E
Equity: The difference between the current market value of a property and the total debt outstanding against the property.
Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.
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