What is a Mortgage Escrow Account?
Posted On: March 7, 2023 by Home State Bank in: Home Mortgage
You’ve likely heard of an escrow account, especially if you have a home mortgage. But if you don’t have a home mortgage, or you don’t quite fully understand your current escrow, we’ve put together the following to help you better understand the ins and outs of it.
What is a mortgage escrow account?
When you own a home, you're responsible for additional home-related expenses like property taxes and insurance. Escrow accounts help you plan...
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