Mortgage Escrow Accounts EXPLAINED (Property Tax and Insurance)

Mortgage Escrow Accounts EXPLAINED | Property Tax and Insurance Call/Text For Help with your Mortgage: 860-413-3938 Need better credit? Get my Credit & Budgeting Guide (At No Cost!): http://bit.ly/CreditBudgetPDF What is the purpose of a Mortgage Escrow account? This account is created to accumulate money to pay your taxes, insurance, flood insurance wherein your mortgage servicing company manages that account. In this video, I am going to give you an in-depth view as to what is the use and purpose of creating mortgage escrow accounts in terms of property tax and insurance. Make sure to stay until the end of this video. Drop your comments below and I would love to answer them for you. Lastly, if you’re new here, don’t forget to hit that subscribe button. I post valuable content around finance and money management every week. You don’t want to miss out! Check out my other videos: 3 Ways to Pay for Closing Costs on a Home    • 3 Ways to Pay for Closing Costs on a Home ...   How Much Home Can I Afford?    • How Much Home Can I Afford?   3 Essentials to Smart Financing Decisions    • 3 Essentials to Smart Financing Decisions   Checkout this playlist: Getting Ready to Buy? Expert Home Buying Tips: http://bit.ly/ExpertHomeBuying Subscribe to my channel:    / @weinbergmortgage   #escrowaccount #realestate #escrow