What Does Escrow Cover In My Mortgage Payment?

Ever wondered what crucial components make up your monthly mortgage payment besides just the principal and interest? This video demystifies the role of escrow and why it's a vital part of your homeownership finances. In this insightful breakdown, you'll learn: ► What escrow is and how it safeguards your investment. ► The specific items commonly covered by your escrow account. ► How escrow payments are calculated and managed. ► Why understanding escrow is essential for budgeting and avoiding financial surprises. #EscrowAccount, #MortgagePayment, #PropertyTaxes, #Homeownership