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Tag Archive | "mortgage escrow accounts"

Mortgage Escrow: Why an Escrow Account is Necessary

Mortgage escrow is a form of insurance for your lender. An escrow account gives the lender security that your property taxes and home insurance will be paid. This means that your home is not under threat of seizure should you fail to pay your taxes, and that it is insured in case of it being […]

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Mortgage Escrow: Mortgage Impound and Escrow Accounts

Mortgage escrow / impound accounts are a means of paying future large payments in advance, with smaller monthly payments. Mortgage impound or escrow accounts may be a requirement placed upon you by your lender, here are some examples. Mortgage escrow accounts are usually set up by a lender who want to insure that you have […]

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