escrow mortgage payment

Waiving Escrow For A Mortgage

Posted October 4, 2018October 4, 2018 aaronPosted in Conventional Loan, Mortgage Blog

When you buy or refinance a home with a mortgage, most lenders will encourage you to escrow your tax bill and insurance premium with the mortgage payment. What’s important to know is that some escrow accounts are not required, while others are.

To Escrow or Not To Escrow, That Is The Question

Posted April 17, 2014April 17, 2014 aaronPosted in Mortgage Blog

When preparing a refinance loan or purchase transaction, I often get asked, “Should I escrow my payments?” Many lenders encourage borrowers to escrow their tax and insurance payments with their mortgage payment. The benefits to the lender are that they: