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Should you buy now or wait? - Houston ChronicleAs an Inner Loop RE Broker, I want to point out a buy now or later decision effects some but not all. Many people are moving in to the area, marrying/divorcing/expanding their family, etc and they may need to buy now regardless of what may be ...
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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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