Comparing Escrowing to Mortgage Rate Discounts

Buying a home isn't easy. There a giant stack of paperwork (each requiring initialing, it seems), many thousands of your dollars on the line, and all discussion is done using a lingo seemingly special to the mortgage industry. In order for the borrower to stay on top, he or she must be informed.

If you're thinking of buying a home, or are in the process somewhere, consider this article an essential part of your inform-myself-so-I-don't-get-taken-to-the-cleaners activities. It explains how to economically compare a discounted mortgage interest rate to the ability to not escrow your taxes and insurance - the proper determination of which could save you thousands of dollars.