How To Describe Escrow Account To A Consumer

·

·

How To Describe Escrow Account To A Consumer

For most homeowners, their payment includes HOI and real estate taxes. When a homebuyer first finances their home, the lender will collect a couple months of each HOI and real estate taxes to hold in a reserve account, known as the escrow account.


Leave a Reply

Your email address will not be published. Required fields are marked *