Tag Archives: pre-paids

What Are Pre-paid Expenses And Escrows & What Do They Have to Do with Closings?

There are several intimidating definitions when it comes to real estate.  PMI, FHA, VA, closing costs and amortization are just a few of the acronyms and terms that create clouds of uncertainty for homebuyers and sellers.  However, as intimidating as these terms may seem, their explanations are relatively simple.  Most of the time, it just takes a quick call to your realtor to understand how these terms fit into the crazy labyrinth known as a real estate deal.  William Tierney, an agent in our Scituate, MA office, discusses a few important real estate terms-specifically, Pre-paid Expenses and Escrows and how they both fit into the closing process.  Read on…

Continue reading