escrow account: IS AN ESCROW ACCOUNT REQUIRED WITH A HOME MORTGAGE? - 06/19/18 01:22 PM
 
IS AN ESCROW ACCOUNT REQUIRED WITH A HOME MORTGAGE?
 
An escrow account may be set up when someone finances a home purchase. Typically if one has an escrow account it is for both taxes and home owner insurance. Whether an escrow account is required can depend on several factors.
As a general rule in the past if one had a down payment of 20% an escrow account was not required on many home mortgages. Typically a lender would charge a fee if one did not want to have an escrow account. 
 
One reason a lender requires an escrow account is if one fails to … (0 comments)

escrow account: PURCHASING A HOME? How An Escrow Account is Set Up. - 04/03/18 12:25 PM
PURCHASING A HOME? 
How An Escrow Account Is Set Up
 
One thing I always make it a point to cover with clients is escrow accounts when they purchase a home, how they are set up and why, including information on how and when escrow payments can change.
When purchasing a home if you are required to, or choose to, escrow for your taxes and insurance the lender will set up an escrow account to hold those funds until they are payable. On some loan products and higher loan to value loans lenders do require you escrow for taxes and insurance. In my market you … (0 comments)

 
Dora Griffin, NMLS 6380 (D A Griffin Financial.LLC) Rainmaker large

Dora Griffin

NMLS 6380

Fort Thomas, KY

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D A Griffin Financial.LLC

Address: 48 Sterling Avenue, Fort Thomas, KY, 41075

Office: (859) 442-9700

Fax: (859) 815-8680

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