What Does an Escrow Account Pay?

Answer 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 »

Top Q&A For: What Does an Escrow Account Pay

What does the money that goes into escrow go toward when I make my mortgage payment?

A borrower's mortgage escrow payment typically goes toward the real estate taxes and homeowner's insurance payment on the property. However, other bills can be paid from that account, including hom... Read More »

How Long Does It Take to Get a Decision on an FHA Loan Once Escrow Begins?

Federal Housing Administration (FHA) home loans are insured by the federal government and administered by the Department of Housing and Urban Development. FHA doesn't make loans; it insures loans u... Read More »

What Is an Escrow Adjustment?

Escrow and trust accounts are the same type of financial object, accounts used specifically to manage someone else's funds. Escrow account is a term commonly used in real estate to describe an addi... Read More »

What Is an Escrow Assistant?

An escrow assistant is the person who works with an escrow agent or escrow agency during a real estate transaction and assists with the documentation and closing of the deal. The escrow assistant r... Read More »