How Escrow Can Change Your Mortgage Payment

That first mortgage payment hits different, especially when you realize part of it isn’t even going toward your loan. 💰😱 Your lender collects taxes and insurance through escrow because unpaid taxes are bad for business, and uninsured homes are a nightmare. Totally fair. But the problem? Those numbers are guessed at closing, and sometimes they miss the mark by a lot. If the estimate is high, you’re overpaying every month. If it’s low, you’re getting hit with an escrow shortage later. Either way, ignoring it is how homeowners end up accidentally draining their own bank accounts. Before you pay a single dollar, log into the servicing portal and review the actual tax and insurance amounts they’re holding. This is one of the easiest ways to protect your money as a homeowner. DM me if you want help reviewing yours. Five minutes now can save you months of frustration later. #EscrowAccount #MortgageTips #NewHomeownerAdvice #EscrowExplained #MortgageRealityCheck