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Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

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Escrow

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Escrow is commonly used during a completion as a safe keeping location for funds pending actions required by another party. For example, the lender may put the funds into Escrow to be held by a third party until the completion documents are signed and then the cash is released to the seller.

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