is an escrow required for a home mortgage: 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)

 
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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

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