How to Rock Escrows (aka Impounds)!
When you buy your first home, you probably expect that you'll need to make a mortgage payment every month. Common sense, right?
But what about your property taxes and homeowners insurance, and PMI, and HOA dues and impounds and escrows, etc.? Are you just a bit stressed now?
In the short video below, we cover the most important points about your monthly housing payment --- what's in it, how you can pay it, when your payments are applied and who can waive and not waive an escrow account.
If you want to make a "killer" decision about whether or not to have an impound account on your mortgage, take a look on the "bright side" of this topic with me today!
I just can't look, it's killing me,
Mortgage Loan Officer
*The views and opinions expressed on this site about work-related matters are my own, have not been reviewed or approved by U.S. Bank and do not necessarily represent the views and opinions of U.S. Bank. In no way do I commit U.S. Bank to any position on any matter or issue without the express prior written consent of U.S. Bank's Human Resources Department.