How to Get Rid of My Escrow Account?

Answer If you're in an unfavorable financial position when you apply for a mortgage loan, the prospective lender may ask you to meet additional conditions. If you do not have the full down payment require... Read More »

Top Q&A For: How to Get Rid of My Escrow Account

What Does an Escrow Account Pay?

Depending on a mortgage lender's practices and the type of loan a borrower attempts to obtain, the lender may require the establishment of an escrow account as a condition of finalizing the loan. A... Read More »

What Is the Purpose of an Escrow Account?

An escrow account is a type of savings account that is separate from accounts used to pay principal and interest to a lender. This type of account is most commonly associated with mortgages, althou... Read More »

What Is an Escrow Account for Refinancing?

Refinancing is the process of changing one mortgage into another. The new mortgage is used to fully pay off the first, primary mortgage and replaces it in the homeowner's debt structure. Homeowners... Read More »

What Is a Rental Escrow Account?

A rental escrow account is a specific type of bank account established by court order, order of a local municipality or agreement between a property owner and a tenant. The tenant pays the monthly ... Read More »