#escrow

#escrow

Buying a home is rarely just about the purchase price. Behind the scenes, dozens of smaller numbers (think loan fees, taxes, insurance, and escrow deposits) add up to one of the most important figures in the transaction: your cash to close. It's the lump sum you'll need to bring to the closing table to finalize your home purchase. Many buyers assume it's the same as the down payment, but it's actually a much larger equation that captures every expense, credit, and adjustment in your transaction.

Seddio's alleged machinations have stymied the overseas investors' nearly year-long effort to claw back the millions they put into an escrow account as they explored a potential business venture with real estate investor Sam Sprei, according to their federal suit filed this month. It's one of multiple lawsuits filed in state and federal court that the former Brooklyn Democratic Party chairman is facing over his ties to Sprei.

Once you buy a home, you expect your mortgage payment to stay steady, especially if you have a fixed-rate loan. But for many homeowners, the amount due each month can creep up over time, leaving you asking: "Why did my mortgage payment go up?" Whether you're paying off a home in Denver, CO or managing your home in Orlando, FL , this Redfin article explains the most common reasons mortgage payments rise, plus steps you can take to lower them.