Buying a Home Info .com buying a home info.com  - home buying information for first time and move up home buyers
buying a home

Buying a Home Info.com - The Home Buying Resource on Home Buyers

buying a home
buying a home buying a home buying a home buying a home
Home
Should You Buy
Get Started
Free Credit Report
Get PreQualified
Home Buyer Grants
Find a Realtor
Search for a Home
Making an Offer
Closing
Tools & Links
Mortgage Calculator
Contact
mortgages Buying a Home - escrow accounts

Buying a Home - What is an escrow account? Do I need one when buying a home?

 Established by your mortgage lender, an escrow account is a place to set aside a portion of your monthly mortgage payment to cover annual charges for homeowner's insurance, mortgage insurance (if applicable), and property taxes. 

Escrow accounts are a good idea because they assure money will always be available for these payments. If you use an escrow account to pay property tax or homeowner's insurance, make sure you are not penalized for late payments since it is the mortgage lender's responsibility to make those payments.

>> When buying a home can I pay off my mortgage ahead of time?

 

home buying grant

buying a homeHome Buyer Guides
Get 9 free buying a home guides and tips for buying a home.

buying a homeHome Buying Grants
Search for home buying grants and first time home buyer programs.

buying a homeFree Credit Report
Get your free credit report online, instantly.

buying a homeFind a Realtor
Find a Realtor, buy a home, get cash back.

buying a homeSite Tools
Email this Page Bookmark this Page
Mortgage Calculator

Site Map | Search Site

buying a homeMortgage Resources
FHA Loans | VA Loans
CalPERS | Bad Credit 
Mortgages | Home Loans
Home Equity Loans

buying a home buying a home