As we show you in this video, an escrow account is an account, established by your lender, to set aside a portion of your monthly mortgage payment to cover annual charges for homeowner’s insurance mortgage insurance (if applicable), and property taxes.
Escrow accounts are a good idea because they assure money will always be available for these payments.
If you use an escrow account to pay property tax or homeowner’s insurance make sure you are not penalized for late payments since it is the lender’s responsibility to make those payments.
TitleTap
Latest posts by TitleTap (see all)
- A guide to building + marketing your solo law firm website - November 19, 2020
- TitleTap’s New and Improved Net Sheet Rate Calculator Can Help You Close More Real Estate Faster! - November 18, 2020
- How to land more clients as a solo attorney - November 4, 2020
Related Posts
About Latest Posts TitleTapTitleTap provides turn-key websites and marketing tools like Video, Social Media Management, and Email Marketing for Title Agents and Real Estate Attorneys.
About Latest Posts TitleTapTitleTap provides turn-key websites and marketing tools like Video, Social Media Management, and Email Marketing for Title Agents and Real Estate Attorneys.
“While reviewing a customer’s social media accounts, we discovered a cool way to utilize Instagram without having to create and manage an account.” Recently, a
