What is an escrow/impound account?
An escrow account is a service provided by PMH Financial at no charge to our customers. A portion of your monthly payment is set-aside in this account to accumulate the amount necessary to pay your future taxes and/or insurance when they become due. Generally, an escrow account is set up when you purchased your home or refinanced your loan, in order to allow sufficient time to accumulate the necessary funds to cover future payments. If you have not previously setup an escrow/impound account and would like to do so now, click here to print the necessary form.
Also known as an “escrow account,” this is an account established with Provident Funding to pay your property taxes, homeowner’s insurance, flood insurance (if required) and mortgage insurance (if required) when they become due. If you have an escrow/impound account, then your regular monthly mortgage payment will include principal, interest and an escrow payment. Your escrow payment is based on 1/12th of the annual estimated payments for your property taxes, homeowner’s insurance, flood insurance (if required) and mortgage insurance (if required).
An escrow account is a service provided by Ocwen at no charge to our customers. A portion of your monthly payment is set-aside in this account to accumulate the amount necessary to pay your future taxes and/or insurance when they become due. Generally, an escrow account is set up when you purchased your home or refinanced your loan, in order to allow sufficient time to accumulate the necessary funds to cover future payments. If you have not previously setup an escrow/impound account and would like to do so now, click here to print the necessary form.
An escrow account is a service provided by BSI at no charge to our customers. A portion of your monthly payment is set-aside in this account to accumulate the amount necessary to pay your future taxes and/or insurance when they become due. Generally, an escrow account is set up when you purchased your home or refinanced your loan, in order to allow sufficient time to accumulate the necessary funds to cover future payments.
An escrow account is an account set up by a servicer or lender into which the borrower pays money to cover property taxes and/or homeowners’ insurance. If you had an escrow account with your prior lender, please be certain that any statement received contains an escrow amount in accordance with your experience and expectations and notify us immediately of any discrepancies.
