Escrow accounts are used to pay property taxes, insurance, and other charges. Your mortgage company usually creates the account for you. Your taxes and insurance are part of your monthly mortgage payment. These are placed in your escrow account. The money stays there until it’s time for the mortgage company to pay your property taxes and insurance premium. ...Read More

As real estate markets flourish across the country, current mortgage rates may make it seem like the perfect time to be a first-time homebuyer. ...Read More