What Gets 💲PAID💲 out of my Escrow Account? 🤔

What gets 💲PAID💲 out of my Escrow Account? 🤔 💲👉 📨 Typically these 3 items (the last one only if applicable to you): Property Taxes (in CT, these are usually paid in two installments throughout the year in Jan/July, although your town/county may vary with which month(s) they allow their installments.📍Your mortgage servicer will take care of when they need to be paid and making sure they are paid on time. You can always verify this information with them if you have questions after your loan closes. Homeowners or Hazard Insurance 🔥⚡️(In case of an emergency or accident, mortgage lenders require that you and the home is protected! ✅) Flood Insurance (only required if the home you are purchasing is in a flood zone 💦 We will check to see if you are at the time your loan goes into processing.) Have a question on escrow accounts we didn’t cover? Drop us a comment below👇 and we’ll be sure to answer! #Shorts #YouTubeShorts #RealEstate