Many homeowners have an escrow account associated with their mortgage, from which their lender pays homeowners insurance and property taxes when they come due. Escrow payments may increase or decrease due to several factors. If your escrow account is found to have extra money in it, you may be issued a refund.
Unless you have a mortgage loan, “escrow” is a word you may not be familiar with. But in the mortgage world, you hear a lot about it. Thankfully, escrow is not hard to explain—or understand. Dive in and answer the most common questions that homeowners ask us about escrow.
Review our glossary of terms in order to make educated decisions and ask the right questions!
If you’re considering buying a home, it’s important to understand what types of home loan options you have before you start shopping.
An assumable mortgage allows a buyer to assume the rate, repayment period, current principal balance and other terms of the seller’s existing mortgage rather than obtain a brand-new mortgage.
Dealing with damage to your home can be stressful, and the insurance loss claim process can be confusing. This article explains the loss process and the steps you’ll need to take to receive your repair funds.
It can be unsettling to receive notice that your mortgage loan will be serviced by a new company—but there’s no need to worry.
Paying off your mortgage is a big deal, and there’s more to it than just sending us your final payment. This article explains how you can pay off your mortgage loan in just five easy steps.
If you don’t buy homeowner’s insurance, we may have to buy it for you—which will be much more expensive. Here’s how to avoid that.
If you are new to mortgage servicing, read the full article to learn more.