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Got Questions? We can help.

We've compiled a list of common questions we've encountered in the loan application and home buying experience. If you have any other questions of your own, please contact us today.

An escrow account is set up by the lender to collect payments for property taxes, homeowner’s insurance and possibly other items, monthly in addition to a borrower’s mortgage payment. The lender then pays these bills on the borrower’s behalf when payment is due.

Escrow accounts can be avoided when the borrower has at least 20% equity in the property or the loan to value (LTV) is less than 80%.