What Is an Escrow Surplus on My Property Taxes?

Ever wondered why your mortgage payment changes or if you're overpaying on property taxes? This video breaks down the often-misunderstood concept of an escrow surplus and what it means for your finances. In this explanation, you'll learn: ► What an escrow account is and its role in your property taxes. ► How an escrow surplus occurs and why you might receive one. ► The different ways lenders handle an escrow surplus. ► Steps you can take to understand and manage your escrow account balance. ► Tips to ensure you're not overpaying on your property tax escrow. #EscrowSurplus, #PropertyTaxes, #MortgageTips, #RealEstateFinance