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  • Home
  • About
  • Resources
    • First Time Buyer Tips
    • First Time Seller Tips
    • Home Appraisal
    • Home Inspection
    • Loan Process
    • Loan Checklist
    • Loan Programs
    • Mortgage FAQ
    • Mortgage Glossary
    • What to Expect at a Loan Closing: A Step-by-Step Guide
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    • Apply Now – Short Form
  • Reviews
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Escrow Account Information

03 Oct 2023
By Mark Feder

4 Facts You Need to Know Before Setting Up a Mortgage Escrow Account

Home Mortgage Tips
Buying a home involves a variety of nuances and strange-sounding terms, and one of the least understood aspects of the home buying process is the escrow account. Essentially, an escrow account is a third party bank account your lender can require you to pay into in order to cover certain costs related to your home. Your lender uses an escrow account to ensure that property taxes and home insurance fees get paid on time. But how exactly do escrow accounts work? Here's what you need to know. Escrow Accounts Are Mandatory With Certain Mortgages Not all home buyers are required…
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02 Mar 2016
By Mark Feder

4 Facts You Need to Know Before Setting Up a Mortgage Escrow Account

Home Mortgage Tips
Buying a home involves a variety of nuances and strange-sounding terms, and one of the least understood aspects of the home buying process is the escrow account. Essentially, an escrow account is a third party bank account your lender can require you to pay into in order to cover certain costs related to your home. Your lender uses an escrow account to ensure that property taxes and home insurance fees get paid on time. But how exactly do escrow accounts work? Here's what you need to know. Escrow Accounts Are Mandatory With Certain Mortgages Not all home buyers are required…
Read More

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