Do You Know How Your Mortgage Escrow Account Works?

Your monthly mortgage statement shows that in addition to paying principal and interest, you are also funding your escrow account. What is the escrow account? How is the money in it used? Can it change your monthly mortgage payment? Here’s how your mortgage escrow account works.  Setting aside for essential costs If you have a […]The post Do You Know How Your Mortgage Escrow Account Works? appeared first on Houseopedia.