Previous Next


The Loan Store Online
The Loan Store Online
Mortgage FAQ
 
What is an escrow account?

What is an escrow account?

Established by your lender, an escrow account is a place 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 taxes or homeowner's insurance, make sure you are not penalized for late payments since it is the lender's responsibility to make those payments.



The Loan Store Online
818-293-0000
Sun Valley , CA  US
http://www.theloanstoreonline.com


Copyright 2007 The WebStore Group - All rights reserved


Powered by
The Fastest and Easiest way to Create and Manage your Store Online

Copyright © 2000 - 2009
All rights reserved.