Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho February 16, 2018

Questions and Answers Regarding Escrow Accounts

Whether you are purchasing a new home or you are considering applying to refinance your home, chances are the lender will require an escrow account. These accounts are often a source of confusion for homeowners. In reality, these accounts benefit the homeowner and help protect the lender. What is an escrow account? Escrow accounts are sometimes called "impound" accounts. These accounts are set up to help manage payments of property taxes and homeowner's insurance. Depending on the individual … [Read more...]

Filed Under: Mortgage Tagged With: Escrow, Impound, Mortgage

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