What Is Mortgage Escrow?

Sourced from https://www.thesimpledollar.com/mortgage/what-is-a-mortgage-escrow/

When it comes to the home buying process, most first-time homebuyers are surprised to learn that their mortgage payment includes more than principal and interest on their home loan. They also have to pay a certain amount of funds into a mortgage account every month. These accounts are called escrow accounts, and they’re used to […]

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