Ron Peterman Coldwell Banker Realtor

It’s worth considering the many benefits of homeownership before you renew your lease. When you buy, you can stabilize your housing costs, own a tangible asset, and gain equity. When you rent, you face rising housing costs, you won’t see a return on your investment, and limit your ability to save. If you are tired of rising rental costs, contact me to get started on the path to homeownership! call 217-622-947 or visit https://diamondresidential.com/trentonpeterman

What is an escrow account?

An escrow account is where your lender holds money for property taxes or homeowners insurance. This allows you to split taxes and insurance over 12 months instead of paying it all at once. Your lender may add escrow payments to your monthly mortgage dues along with principal and interest payments.