|
An escrow account, also known as an impound account, contains
funds collected from you for payment of property taxes, homeowner's
insurance, mortgage insurance and other property expenses
as outlined in the mortgage agreement. If an escrow account
is required for your mortgage loan, your monthly mortgage
payment will include an amount necessary to pay for these
escrow items.
You can check the Annual Escrow Account Disclosure Statement
summary information (also referred to as Escrow Analysis Statement)
that we have for your mortgage loan online by clicking on
the link on the left that states "Escrow Account Info".
|
