- NEW!
by Thom64 on October 6th, 2004
Escrow is essentially an account where money is held until a transation is completed. Most real estate transactions involving mortages also involve an escrow company to properly distribute the money to the interested parties.
A mortgage is a secured loan where the lender holds ownership of the property until all the principal of the loan is paid off.
Can a student get a mortgage?
by Answerbag Staff on February 25th, 2011
| 1 person likes this
Is it better to put down as much money as possible on a home purchase (lets say at least 20%) or as little as possible?
by Anonymous on June 19th, 2010
| 1 person likes this
When will I receive the title for my house after paying off the mortgage in Washington State?
by Answerbag Staff on August 20th, 2010
| 1 person likes this
How could a bag boy making 9 dollars an hour get a home loan for 240,000 ? why was this approved and by professionals?
by relicbones on June 24th, 2010
| 1 person likes this
What percentage of home mortgage loans are ARMs or interest only?
by Answerbag Staff on August 4th, 2010
| 1 person likes this
You're reading What is the difference between escrow and a mortgage?
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments