Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are escrows?

escrows
0
Posted

What are escrows?

0

Escrows are funds that your lender collects to pay your property taxes, hazard/flood insurance and PMI (if applicable). They are in addition to your monthly principal and interest payments and are used by the lender to pay your property taxes and insurance premiums.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.