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

October 3, 2023 by Robby Oakes

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.

Filed Under: Home Mortgage Tips Tagged With: Escrow Account Information, Home Buyer Tips, Home Mortgage Tips

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

March 2, 2016 by Robby Oakes

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.

Filed Under: Home Mortgage Tips Tagged With: Escrow Account Information, Home Buyer Tips, Home Mortgage Tips

Robby Oakes


Robby Oakes

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NMLS# 91606

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