MORTGAGE EDUCATION
The home buying process can seem intimidating – but it doesn’t need to be. This comprehensive resource guide will walk you through the process step by step, so, when it comes time to put down roots, you can do so with confidence.
Use these quick calculators to compare and contrast various loan options.
- Mortgage Payment Calculator
- Rent or Buy Calculator
- Home Sale Proceeds Calculator
- How Much Home Can I Afford?
- Compare Mortgage Loans
- Adjustable Rate Mortgage Calculator
- Home Refinance Calculator
- Home Closing Costs Calculator
- Debt-to-Income Ratio Calculator
- Calculate Down Payment on a House
- Mortgage Loan Calculator
In relation to a mortgage, an escrow account is a fund that contains money designated to cover certain monthly expenses including property taxes and homeowner’s insurance. Taxes and insurance represent the two primary elements of what is held in an escrow account by the lender, which pays those bills on the borrower’s behalf. Financial lenders generally require an escrow account for mortgage loans, although escrow can sometimes be waived if a borrower pays a down payment of at least 20%.
In relation to a mortgage, an escrow account is a fund that contains money designated to cover certain monthly expenses including property taxes and homeowner’s insurance. Taxes and insurance represent the two primary elements of what is held in an escrow account by the lender, which pays those bills on the borrower’s behalf. Financial lenders generally require an escrow account for mortgage loans, although escrow can sometimes be waived if a borrower pays a down payment of at least 20%.
