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  • Home
  • Resources
    • What to Expect at a Loan Closing
    • First Time Buyer Tips
    • First Time Seller Tips
    • Mortgage Calculator
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage Glossary
  • Blog
  • Apply Now
  • Reviews
    • My Reviews
    • Leave a Review
  • Get in Touch

Escrow Account Audit

09 Aug 2023
By Tawnya King

Why Is My Mortgage Escrow Account Sending Me a Check?

Mortgage
If you're a homeowner with a mortgage, you may be familiar with the concept of an escrow account. This financial tool is designed to simplify the management of property-related expenses by combining certain costs, such as property taxes and insurance, into one account. Typically, your mortgage servicer collects a portion of these expenses with each monthly mortgage payment and holds the funds in an escrow account to cover these bills when they become due. Various factors can lead to fluctuations in these estimated expenses. If the actual costs turn out to be lower than anticipated, your escrow account may end…
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Our goal is to provide home loans to our clients while providing the lowest interest rate with little to no closing costs.

We pledge to help borrowers overcome roadblocks that can arise while securing a loan. We meet specific customer needs with a wide array of products, investment tools, and mortgages, while giving each customer individual attention and superior service.

Tawnya King NMLS #290154 • DRE #01487992

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